Good Times Restaurants (NASDAQ:GTIM) Downgraded by Zacks Investment Research

Good Times Restaurants (NASDAQ:GTIM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, Zacks.com reports.

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. “

Several other brokerages have also recently issued reports on GTIM. ValuEngine raised shares of Good Times Restaurants from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Maxim Group set a $6.00 price objective on shares of Good Times Restaurants and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Stephens boosted their price objective on shares of Good Times Restaurants from $4.00 to $5.50 and gave the company an “overweight” rating in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $4.83.

Shares of Good Times Restaurants stock opened at $1.82 on Wednesday. The firm’s fifty day simple moving average is $1.73 and its 200-day simple moving average is $1.96. The stock has a market capitalization of $22.83 million, a price-to-earnings ratio of -22.75 and a beta of 0.72. Good Times Restaurants has a 12 month low of $1.46 and a 12 month high of $4.82. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.58 and a quick ratio of 0.44.

Good Times Restaurants (NASDAQ:GTIM) last announced its earnings results on Thursday, August 8th. The restaurant operator reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $29.46 million during the quarter. Good Times Restaurants had a negative net margin of 1.18% and a negative return on equity of 3.69%. Analysts anticipate that Good Times Restaurants will post -0.16 earnings per share for the current year.

Good Times Restaurants Company Profile

Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. The company 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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