Zacks Investment Research cut shares of Good Times Restaurants (NASDAQ:GTIM) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday morning.
According to Zacks, “Good Times Restaurants Inc. is a holding company. Through its wholly-owned subsidiary, they are engaged in the business of developing, owning, operating and franchising restaurants under the name Good Times Drive Thru Burgers. Good Times DriveThru Burgers restaurants are owned, operated and franchised by their subsidiary, Good Times Drive Thru Inc. Good Times Drive Thru Burgers restaurants feature a limited menu for drive-through and walk-up customers. “
A number of other equities analysts also recently issued reports on GTIM. Maxim Group upped their price target on Good Times Restaurants from $6.00 to $7.00 and gave the company a buy rating in a report on Tuesday, July 10th. ValuEngine raised Good Times Restaurants from a hold rating to a buy rating in a report on Saturday, July 14th. Finally, TheStreet raised Good Times Restaurants from a d+ rating to a c rating in a report on Friday, August 17th.
Good Times Restaurants (NASDAQ:GTIM) last released its earnings results on Thursday, August 9th. The restaurant operator reported $0.02 earnings per share for the quarter. The firm had revenue of $26.18 million for the quarter. Good Times Restaurants had a negative net margin of 1.45% and a negative return on equity of 3.72%. Analysts anticipate that Good Times Restaurants will post -0.11 EPS for the current year.
A hedge fund recently raised its stake in Good Times Restaurants stock. Renaissance Technologies LLC boosted its holdings in Good Times Restaurants Inc. (NASDAQ:GTIM) by 24.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 131,670 shares of the restaurant operator’s stock after purchasing an additional 25,670 shares during the quarter. Renaissance Technologies LLC owned about 1.06% of Good Times Restaurants worth $494,000 as of its most recent SEC filing. 15.75% of the stock is currently owned by hedge funds and other institutional investors.
About Good Times Restaurants
Good Times Restaurants Inc, through its subsidiaries, engages in restaurant business in the United States. It operates Good Times Burgers & Frozen Custard, a regional chain of quick service restaurants; and owns, operates, franchises, and licenses Bad Daddy's Burger Bar, a full service, upscale ?small box' restaurant concept.
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