Good Times Restaurants Inc. (GTIM) to Post Q3 2018 Earnings of ($0.01) Per Share, Dougherty & Co Forecasts

Good Times Restaurants Inc. (NASDAQ:GTIM) – Dougherty & Co raised their Q3 2018 earnings per share estimates for Good Times Restaurants in a research report issued on Wednesday, June 20th. Dougherty & Co analyst J. Hamblin now forecasts that the restaurant operator will post earnings of ($0.01) per share for the quarter, up from their previous estimate of ($0.02). Dougherty & Co also issued estimates for Good Times Restaurants’ FY2018 earnings at ($0.11) EPS and FY2019 earnings at ($0.03) EPS.

Several other research analysts also recently issued reports on GTIM. Zacks Investment Research downgraded Good Times Restaurants from a “hold” rating to a “sell” rating in a research note on Monday, March 19th. ValuEngine raised Good Times Restaurants from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd.

Good Times Restaurants stock opened at $3.45 on Friday. Good Times Restaurants has a 1 year low of $2.25 and a 1 year high of $4.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.78 and a quick ratio of 0.66. The company has a market capitalization of $45.51 million, a PE ratio of -19.17 and a beta of 0.23.

Good Times Restaurants (NASDAQ:GTIM) last released its quarterly earnings data on Thursday, May 10th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. Good Times Restaurants had a negative return on equity of 5.21% and a negative net margin of 2.13%. The company had revenue of $23.51 million during the quarter.

Large investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. increased its position in Good Times Restaurants by 160.0% during the 4th quarter. Macquarie Group Ltd. now owns 37,861 shares of the restaurant operator’s stock valued at $100,000 after purchasing an additional 23,301 shares during the period. Deutsche Bank AG acquired a new stake in Good Times Restaurants during the 4th quarter valued at approximately $114,000. Finally, Renaissance Technologies LLC increased its position in Good Times Restaurants by 437.4% during the 4th quarter. Renaissance Technologies LLC now owns 74,700 shares of the restaurant operator’s stock valued at $198,000 after purchasing an additional 60,800 shares during the period. 26.94% of the stock is owned by institutional investors and hedge funds.

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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