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

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

GTIM has been the topic of a number of other research reports. ValuEngine raised Good Times Restaurants from a hold rating to a buy rating in a research report on Thursday, August 1st. Zacks Investment Research raised Good Times Restaurants from a sell rating to a hold rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $4.83.

GTIM opened at $1.86 on Monday. Good Times Restaurants has a 52-week low of $1.71 and a 52-week high of $5.25. The company has a current ratio of 0.58, a quick ratio of 0.61 and a debt-to-equity ratio of 0.33. The business’s 50-day simple moving average is $1.92 and its 200 day simple moving average is $2.23.

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