Good Times Restaurants (NASDAQ:GTIM) Given Buy Rating at Maxim Group

Maxim Group restated their buy rating on shares of Good Times Restaurants (NASDAQ:GTIM) in a research note published on Friday, reports. Maxim Group currently has a $5.00 price objective on the restaurant operator’s stock.

A number of other brokerages have also weighed in on GTIM. Zacks Investment Research upgraded shares of Good Times Restaurants from a sell rating to a hold rating in a report on Tuesday, November 5th. ValuEngine upgraded shares of Good Times Restaurants from a hold rating to a buy rating in a report on Wednesday, October 2nd.

Shares of GTIM stock traded down $0.18 during trading hours on Friday, hitting $1.47. 205,949 shares of the company’s stock traded hands, compared to its average volume of 18,535. The stock’s fifty day simple moving average is $1.69 and its two-hundred day simple moving average is $1.82. Good Times Restaurants has a 12-month low of $1.30 and a 12-month high of $3.73. The stock has a market cap of $20.07 million, a price-to-earnings ratio of -7.74 and a beta of 0.71. The company has a quick ratio of 0.44, a current ratio of 0.58 and a debt-to-equity ratio of 0.33.

Good Times Restaurants (NASDAQ:GTIM) last released its earnings results on Thursday, December 12th. The restaurant operator reported ($0.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.21). 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 $28.76 million for the quarter. On average, equities analysts forecast that Good Times Restaurants will post -0.22 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in Good Times Restaurants stock. Sunbelt Securities Inc. bought a new position in Good Times Restaurants Inc. (NASDAQ:GTIM) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 25,500 shares of the restaurant operator’s stock, valued at approximately $41,000. Sunbelt Securities Inc. owned 0.20% of Good Times Restaurants at the end of the most recent quarter. 11.93% of the stock is currently owned by institutional investors and hedge funds.

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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