Good Times Restaurants (GTIM) Rating Increased to Buy at Zacks Investment Research

Good Times Restaurants (NASDAQ:GTIM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm currently has a $2.75 target price on the restaurant operator’s stock. Zacks Investment Research‘s price target suggests a potential upside of 7.84% from the stock’s current price.

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, Maxim Group restated a “buy” rating and issued a $6.00 price objective on shares of Good Times Restaurants in a report on Wednesday, January 3rd.

Good Times Restaurants (GTIM) opened at $2.55 on Wednesday. Good Times Restaurants has a twelve month low of $2.25 and a twelve month high of $3.78. The firm has a market cap of $30.55, a P/E ratio of -14.17 and a beta of 0.51. The company has a quick ratio of 0.76, a current ratio of 0.88 and a debt-to-equity ratio of 0.14.

Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly earnings data on Thursday, December 7th. The restaurant operator reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.02. Good Times Restaurants had a negative net margin of 2.59% and a negative return on equity of 5.92%. The business had revenue of $22.58 million for the quarter. equities analysts predict that Good Times Restaurants will post -0.12 EPS for the current fiscal year.

In other Good Times Restaurants news, Director Robert J. Stetson acquired 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 12th. The shares were acquired at an average cost of $2.35 per share, for a total transaction of $25,850.00. Following the completion of the acquisition, the director now directly owns 103,894 shares of the company’s stock, valued at approximately $244,150.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 30,902 shares of company stock worth $73,979 over the last 90 days. 8.37% of the stock is currently owned by company insiders.

An institutional investor recently raised its position in Good Times Restaurants stock. Renaissance Technologies LLC lifted its stake in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 437.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,700 shares of the restaurant operator’s stock after acquiring an additional 60,800 shares during the period. Renaissance Technologies LLC owned approximately 0.60% of Good Times Restaurants worth $198,000 at the end of the most recent quarter. 32.31% of the stock is currently owned by institutional investors.

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About Good Times Restaurants

Good Times Restaurants Inc operates and franchises Good Times Burgers & Frozen Custard (Good Times) restaurants and Bad Daddy’s Burger Bar concept (Bad Daddy’s). The Company operates through two segments: Good Times Burgers and Frozen Custard restaurants, and Bad Daddy’s Burger Bar restaurants. Good Times is a quick service restaurant concept.

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