Maxim Group Reiterates Buy Rating for Good Times Restaurants (NASDAQ:GTIM)
Good Times Restaurants (NASDAQ:GTIM)‘s stock had its “buy” rating reaffirmed by Maxim Group in a note issued to investors on Wednesday, January 3rd. They currently have a $6.00 target price on the restaurant operator’s stock. Maxim Group’s target price would suggest a potential upside of 135.29% from the stock’s previous close.
The analysts wrote, “We maintain our Buy rating and $6 price target on Good Times Restaurants (GTIM) following the release of preliminary F1Q18 (December) sales results early this morning.””
Separately, Zacks Investment Research raised shares of Good Times Restaurants from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th.
Good Times Restaurants (NASDAQ:GTIM) last released its quarterly earnings results on Thursday, December 7th. The restaurant operator reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.02. Good Times Restaurants had a negative net margin of 2.85% and a negative return on equity of 6.05%. sell-side analysts predict that Good Times Restaurants will post -0.12 EPS for the current fiscal year.
An institutional investor recently raised its position in Good Times Restaurants stock. Granite Point Capital Management L.P. lifted its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 273,050 shares of the restaurant operator’s stock after purchasing an additional 16,300 shares during the period. Granite Point Capital Management L.P. owned about 2.22% of Good Times Restaurants worth $969,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 32.31% of the company’s stock.
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About Good Times Restaurants
Good Times Restaurants Inc operates and franchises Good Times Burgers & Frozen Custard (Good Times) restaurants and Bad Daddy’s Burger Bar concept (Bad Daddy’s). The Company operates through two segments: Good Times Burgers and Frozen Custard restaurants, and Bad Daddy’s Burger Bar restaurants. Good Times is a quick service restaurant concept.
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