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 research report on Thursday, August 11th.
Shares of Good Times Restaurants (NASDAQ:GTIM) opened at 3.05 on Monday. The stock has a 50 day moving average of $3.44 and a 200-day moving average of $3.60. The company’s market cap is $37.46 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 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Good Times Restaurants will post ($0.13) earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the stock. 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 worth $827,000 after buying an additional 1,035 shares during the last quarter. 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 worth $226,000 after buying an additional 4,255 shares during the last quarter. Finally, Granite Point Capital Management L.P. acquired a new stake in shares of Good Times Restaurants during the second quarter valued at about $1,109,000. 32.21% of the stock is 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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