Brokerages Expect Good Times Restaurants Inc. (GTIM) to Announce -$0.07 Earnings Per Share

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Wall Street brokerages predict that Good Times Restaurants Inc. (NASDAQ:GTIM) will post earnings per share (EPS) of ($0.07) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Good Times Restaurants’ earnings. Good Times Restaurants reported earnings per share of ($0.05) in the same quarter last year, which suggests a negative year over year growth rate of 40%. The company is expected to issue its next quarterly earnings results after the market closes on Thursday, December 13th.

On average, analysts expect that Good Times Restaurants will report full year earnings of ($0.11) per share for the current year, with EPS estimates ranging from ($0.12) to ($0.09). For the next financial year, analysts anticipate that the firm will post earnings of ($0.01) per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Good Times Restaurants.

A number of research firms have weighed in on GTIM. ValuEngine raised Good Times Restaurants from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 11th. Maxim Group reissued a “buy” rating and set a $7.00 target price on shares of Good Times Restaurants in a research note on Friday, September 28th. Zacks Investment Research downgraded Good Times Restaurants from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Finally, TheStreet raised Good Times Restaurants from a “d+” rating to a “c” rating in a research note on Friday, August 17th.

Good Times Restaurants stock opened at $4.01 on Wednesday. Good Times Restaurants has a twelve month low of $2.25 and a twelve month high of $5.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.64 and a quick ratio of 0.53.

An institutional investor recently raised its position in Good Times Restaurants stock. Renaissance Technologies LLC lifted its holdings in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 24.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,670 shares of the restaurant operator’s stock after buying an additional 25,670 shares during the period. Renaissance Technologies LLC owned about 1.06% of Good Times Restaurants worth $494,000 at the end of the most recent reporting period. Institutional investors own 16.48% of the company’s stock.

Good Times Restaurants Company Profile

Good Times Restaurants Inc, through its subsidiaries, engages in restaurant business in the United States. It 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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