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

Zacks Investment Research cut shares of Good Times Restaurants (NASDAQ:GTIM) from a hold rating to a sell rating in a research note issued to investors on Tuesday, 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. “

Separately, ValuEngine downgraded Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $5.17.

NASDAQ GTIM traded down $0.01 on Tuesday, hitting $1.98. 1 shares of the company traded hands, compared to its average volume of 36,381. The firm has a market cap of $25.17 million, a P/E ratio of -24.69 and a beta of 0.68. The company has a quick ratio of 0.61, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The business has a 50 day simple moving average of $1.94. Good Times Restaurants has a 52-week low of $1.71 and a 52-week high of $5.25.

Good Times Restaurants (NASDAQ:GTIM) last released its earnings results on Thursday, May 9th. The restaurant operator reported ($0.04) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). Good Times Restaurants had a negative return on equity of 4.25% and a negative net margin of 1.44%. The company had revenue of $27.17 million for the quarter. As a group, analysts anticipate that Good Times Restaurants will post -0.09 EPS 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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