Zacks Investment Research downgraded shares of Good Times Restaurants Inc. (NASDAQ:GTIM) from a hold rating to a sell rating in a research note published 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. “
Separately, TheStreet raised Good Times Restaurants from a sell rating to a hold rating in a report on Thursday, August 11th.
Shares of Good Times Restaurants (NASDAQ:GTIM) opened at 3.25 on Tuesday. The company’s market cap is $39.92 million. Good Times Restaurants has a 1-year low of $2.75 and a 1-year high of $6.69. The firm has a 50-day moving average price of $3.45 and a 200-day moving average price of $3.61.
Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Good Times Restaurants had a negative return on equity of 3.48% and a negative net margin of 2.11%. On average, equities analysts expect that Good Times Restaurants will post ($0.13) EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Good Times Restaurants by 0.4% in the second quarter. Vanguard Group Inc. now owns 237,088 shares of the company’s stock valued at $827,000 after buying an additional 1,035 shares during the period. Geode Capital Management LLC raised its stake in Good Times Restaurants by 8.1% in the first quarter. Geode Capital Management LLC now owns 56,983 shares of the company’s stock valued at $226,000 after buying an additional 4,255 shares during the period. Finally, Granite Point Capital Management L.P. bought a new stake in Good Times Restaurants during the second quarter valued at approximately $1,109,000. 32.21% of the stock is currently owned by hedge funds and other institutional investors.
Good Times Restaurants Company Profile
Good Times Restaurants Inc operates and franchises Good Times Burgers & Frozen Custard restaurants and Bad Daddy’s Burger Bar concept. The Company operates through two business segments: Good Times Burgers and Frozen Custard restaurants (Good Times) and Bad Daddy’s Burger Bar restaurants (Bad Daddy’s).