Stephens Raises Good Times Restaurants (NASDAQ:GTIM) Price Target to $5.50

Good Times Restaurants (NASDAQ:GTIM) had its price target increased by Stephens from $4.00 to $5.50 in a research report report published on Monday, The Fly reports. Stephens currently has an overweight rating on the restaurant operator’s stock.

Several other equities analysts have also recently weighed in on GTIM. Zacks Investment Research raised shares of Good Times Restaurants from a sell rating to a hold rating in a research report on Tuesday, August 6th. ValuEngine raised shares of Good Times Restaurants from a hold rating to a buy rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $4.83.

Shares of GTIM opened at $1.86 on Monday. Good Times Restaurants has a one year low of $1.71 and a one year high of $5.25. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.61 and a current ratio of 0.58. The stock has a 50-day moving average of $1.92 and a 200-day moving average of $2.23.

Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). Good Times Restaurants had a negative net margin of 1.18% and a negative return on equity of 3.69%. The business had revenue of $29.46 million during the quarter. As a group, analysts forecast that Good Times Restaurants will post -0.09 EPS for the current year.

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.

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