Good Times Restaurants Inc. (NASDAQ:GTIM) – Research analysts at Dougherty & Co dropped their FY2018 earnings per share (EPS) estimates for shares of Good Times Restaurants in a research note issued to investors on Tuesday, September 25th. Dougherty & Co analyst J. Hamblin now expects that the restaurant operator will post earnings per share of ($0.12) for the year, down from their prior forecast of ($0.11). Dougherty & Co also issued estimates for Good Times Restaurants’ Q4 2018 earnings at ($0.07) EPS.
A number of other analysts have also recently commented on GTIM. Zacks Investment Research cut shares of Good Times Restaurants from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine upgraded shares of Good Times Restaurants from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 22nd. TheStreet upgraded shares of Good Times Restaurants from a “d+” rating to a “c” rating in a research note on Friday, August 17th. Finally, Maxim Group lifted their target price on shares of Good Times Restaurants from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Tuesday, July 10th.
GTIM stock opened at $4.70 on Thursday. The company has a market capitalization of $60.80 million, a P/E ratio of -26.11 and a beta of 0.15. The company has a quick ratio of 0.53, a current ratio of 0.64 and a debt-to-equity ratio of 0.14. Good Times Restaurants has a 52 week low of $2.25 and a 52 week high of $5.25.
Good Times Restaurants (NASDAQ:GTIM) last released its earnings results on Thursday, August 9th. The restaurant operator reported $0.02 EPS for the quarter. The company had revenue of $26.18 million during the quarter. Good Times Restaurants had a negative net margin of 1.45% and a negative return on equity of 3.72%.
An institutional investor recently raised its position in Good Times Restaurants stock. Renaissance Technologies LLC increased its stake in Good Times Restaurants Inc. (NASDAQ:GTIM) by 24.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,670 shares of the restaurant operator’s stock after purchasing an additional 25,670 shares during the period. Renaissance Technologies LLC owned 1.06% of Good Times Restaurants worth $494,000 as of its most recent filing with the Securities & Exchange Commission. 15.75% of the stock is owned by institutional investors.
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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