Macquarie Group Ltd. lessened its stake in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 38.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,294 shares of the restaurant operator’s stock after selling 9,025 shares during the quarter. Macquarie Group Ltd. owned about 0.11% of Good Times Restaurants worth $36,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC grew its holdings in Good Times Restaurants by 36.4% during the 4th quarter. Acadian Asset Management LLC now owns 28,879 shares of the restaurant operator’s stock valued at $72,000 after buying an additional 7,708 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Good Times Restaurants by 69.8% during the 3rd quarter. Renaissance Technologies LLC now owns 223,560 shares of the restaurant operator’s stock valued at $1,040,000 after buying an additional 91,890 shares in the last quarter. Vanguard Group Inc. grew its holdings in Good Times Restaurants by 8.5% during the 3rd quarter. Vanguard Group Inc. now owns 291,844 shares of the restaurant operator’s stock valued at $1,357,000 after buying an additional 22,814 shares in the last quarter. Finally, Vanguard Group Inc grew its holdings in Good Times Restaurants by 8.5% during the 3rd quarter. Vanguard Group Inc now owns 291,844 shares of the restaurant operator’s stock valued at $1,357,000 after buying an additional 22,814 shares in the last quarter. 15.96% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on GTIM shares. ValuEngine downgraded Good Times Restaurants from a “buy” rating to a “hold” rating in a research report on Thursday, January 31st. Zacks Investment Research upgraded Good Times Restaurants from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research report on Friday, February 15th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $5.17.
Shares of GTIM opened at $2.23 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. Good Times Restaurants Inc. has a 12-month low of $2.08 and a 12-month high of $5.25.
Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings results on Thursday, February 7th. The restaurant operator reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.01. The firm had revenue of $25.37 million during the quarter. Good Times Restaurants had a negative return on equity of 4.08% and a negative net margin of 1.47%. As a group, analysts expect that Good Times Restaurants Inc. will post -0.09 EPS for the current year.
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About Good Times Restaurants
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.
Further Reading: Earnings Per Share
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