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.
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.
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