Good Times Restaurants (NASDAQ:GTIM) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Good Times Restaurants (NASDAQ:GTIM) from a hold rating to a buy rating in a report issued on Thursday, ValuEngine reports.

Separately, Zacks Investment Research upgraded shares of Good Times Restaurants from a sell rating to a hold rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Good Times Restaurants has a consensus rating of Buy and an average target price of $5.17.

GTIM traded down $0.01 during midday trading on Thursday, reaching $1.87. The company’s stock had a trading volume of 7,211 shares, compared to its average volume of 16,651. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 0.75. Good Times Restaurants has a 1 year low of $1.71 and a 1 year high of $5.25. The company’s 50-day simple moving average is $1.92.

Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly earnings data on Thursday, May 9th. The restaurant operator reported ($0.04) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.04). The business had revenue of $27.17 million for the quarter. Good Times Restaurants had a negative net margin of 1.44% and a negative return on equity of 4.25%. Equities research analysts predict 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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