Good Times Restaurants (NASDAQ:GTIM) Announces Quarterly Earnings Results

Good Times Restaurants (NASDAQ:GTIM) posted its quarterly earnings results on Thursday. The restaurant operator reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.21), Fidelity Earnings reports. The company had revenue of $28.76 million during the quarter. Good Times Restaurants had a negative net margin of 1.18% and a negative return on equity of 3.69%. Good Times Restaurants updated its FY 2020
After-Hours guidance to EPS.

GTIM stock opened at $1.65 on Friday. The business’s fifty day moving average is $1.70 and its 200-day moving average is $1.82. The company has a quick ratio of 0.44, a current ratio of 0.58 and a debt-to-equity ratio of 0.33. The company has a market cap of $20.07 million, a P/E ratio of -20.63 and a beta of 0.71. Good Times Restaurants has a twelve month low of $1.44 and a twelve month high of $4.00.

GTIM has been the topic of a number of analyst reports. ValuEngine raised Good Times Restaurants from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised Good Times Restaurants from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $4.83.

About Good Times Restaurants

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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Earnings History for Good Times Restaurants (NASDAQ:GTIM)

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