Good Times Restaurants Inc. (NASDAQ:GTIM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.
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 upgraded shares of Good Times Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th.
Shares of Good Times Restaurants (NASDAQ:GTIM) opened at 3.45 on Tuesday. The company has a 50 day moving average of $3.47 and a 200-day moving average of $3.62. The firm’s market cap is $42.37 million. Good Times Restaurants has a 12-month low of $2.75 and a 12-month high of $6.69.
Good Times Restaurants (NASDAQ:GTIM) last issued its earnings results on Wednesday, August 10th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Good Times Restaurants had a negative net margin of 2.11% and a negative return on equity of 3.48%. Analysts predict that Good Times Restaurants will post ($0.13) EPS for the current year.
A number of large investors have recently made changes to their positions in GTIM. Granite Point Capital Management L.P. purchased a new stake in shares of Good Times Restaurants during the second quarter worth about $1,109,000. Geode Capital Management LLC raised its stake in shares of Good Times Restaurants by 8.1% in the first quarter. Geode Capital Management LLC now owns 56,983 shares of the company’s stock worth $226,000 after buying an additional 4,255 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Good Times Restaurants by 0.4% in the second quarter. Vanguard Group Inc. now owns 237,088 shares of the company’s stock worth $827,000 after buying an additional 1,035 shares during the period. 32.21% of the stock is currently owned by institutional investors and hedge funds.
About Good Times Restaurants
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).
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