Good Times Restaurants (NASDAQ:GTIM) Cut to “Hold” at Zacks Investment Research

Good Times Restaurants (NASDAQ:GTIM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Saturday, February 3rd.

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 target on shares of Good Times Restaurants in a research report on Friday, February 2nd.

Shares of Good Times Restaurants (NASDAQ:GTIM) opened at $2.55 on Friday. Good Times Restaurants has a fifty-two week low of $2.25 and a fifty-two week high of $3.78. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.88 and a quick ratio of 0.76.

Good Times Restaurants (NASDAQ:GTIM) last posted its quarterly earnings data on Thursday, December 7th. The restaurant operator reported ($0.05) EPS for the quarter, beating the Zacks’ 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 firm had revenue of $22.58 million for the quarter. research analysts expect that Good Times Restaurants will post -0.12 earnings per share for the current fiscal year.

In other 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 purchased at an average cost of $2.35 per share, for a total transaction of $25,850.00. Following the transaction, the director now directly owns 103,894 shares in the company, valued at approximately $244,150.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders purchased 27,100 shares of company stock worth $65,082. 8.37% of the stock is currently owned by insiders.

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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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