Good Times Restaurants (GTIM) Announces Quarterly Earnings Results

Good Times Restaurants (NASDAQ:GTIM) announced its quarterly earnings data on Thursday. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.04, MarketWatch Earnings reports. The firm had revenue of $26.80 million for the quarter. Good Times Restaurants had a negative return on equity of 2.81% and a negative net margin of 1.04%. Good Times Restaurants updated its FY 2019 guidance to EPS.

Shares of Good Times Restaurants stock opened at $2.80 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.53 and a current ratio of 0.64. The company has a market cap of $47.39 million, a PE ratio of -35.00 and a beta of 0.14. Good Times Restaurants has a twelve month low of $2.25 and a twelve month high of $5.25.

A number of analysts have recently weighed in on the company. Stephens dropped their price target on Good Times Restaurants from $8.00 to $5.50 and set a “positive” rating on the stock in a research report on Friday. Maxim Group reiterated a “buy” rating and set a $7.00 price target on shares of Good Times Restaurants in a research report on Friday. TheStreet cut Good Times Restaurants from a “c” rating to a “d+” rating in a research report on Thursday. ValuEngine upgraded Good Times Restaurants from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 22nd. Finally, Zacks Investment Research cut Good Times Restaurants from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 6th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $5.58.

Several institutional investors have recently made changes to their positions in GTIM. Renaissance Technologies LLC raised its position in shares of Good Times Restaurants by 24.2% during the 2nd quarter. Renaissance Technologies LLC now owns 131,670 shares of the restaurant operator’s stock worth $494,000 after purchasing an additional 25,670 shares during the period. Vanguard Group Inc raised its position in shares of Good Times Restaurants by 8.5% during the 3rd quarter. Vanguard Group Inc now owns 291,844 shares of the restaurant operator’s stock worth $1,357,000 after purchasing an additional 22,814 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Good Times Restaurants by 8.5% during the 3rd quarter. Vanguard Group Inc. now owns 291,844 shares of the restaurant operator’s stock worth $1,357,000 after purchasing an additional 22,814 shares during the period. Institutional investors and hedge funds own 16.48% of the company’s stock.

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Good Times Restaurants Company Profile

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.

See Also: SEC Filing

Earnings History for Good Times Restaurants (NASDAQ:GTIM)

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