Analysts Set Expectations for Good Times Burgers & Frozen Custard’s FY2018 Earnings (GTIM)

Good Times Burgers & Frozen Custard (NASDAQ:GTIM) – Equities research analysts at Dougherty & Co decreased their FY2018 earnings per share estimates for Good Times Burgers & Frozen Custard in a note issued to investors on Tuesday, May 22nd. Dougherty & Co analyst J. Hamblin now expects that the restaurant operator will post earnings per share of ($0.13) for the year, down from their previous estimate of ($0.12).

A number of other brokerages also recently commented on GTIM. Maxim Group reissued a “buy” rating and issued a $6.00 price objective on shares of Good Times Burgers & Frozen Custard in a research report on Friday, February 2nd. Zacks Investment Research downgraded shares of Good Times Burgers & Frozen Custard from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Finally, ValuEngine raised shares of Good Times Burgers & Frozen Custard from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd.



Good Times Burgers & Frozen Custard opened at $3.10 on Thursday, MarketBeat.com reports. The company has a market capitalization of $39.90 million, a PE ratio of -17.22 and a beta of 0.22. Good Times Burgers & Frozen Custard has a twelve month low of $2.25 and a twelve month high of $3.65. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.66 and a current ratio of 0.78.

Good Times Burgers & Frozen Custard (NASDAQ:GTIM) last announced its quarterly earnings results on Thursday, May 10th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01. The business had revenue of $23.51 million for the quarter. Good Times Burgers & Frozen Custard had a negative return on equity of 5.21% and a negative net margin of 2.13%.

Several hedge funds and other institutional investors have recently bought and sold shares of GTIM. Renaissance Technologies LLC grew its position in shares of Good Times Burgers & Frozen Custard by 437.4% in the 4th quarter. Renaissance Technologies LLC now owns 74,700 shares of the restaurant operator’s stock valued at $198,000 after buying an additional 60,800 shares during the last quarter. Deutsche Bank AG purchased a new position in shares of Good Times Burgers & Frozen Custard in the 4th quarter valued at $114,000. Finally, Macquarie Group Ltd. grew its position in shares of Good Times Burgers & Frozen Custard by 160.0% in the 4th quarter. Macquarie Group Ltd. now owns 37,861 shares of the restaurant operator’s stock valued at $100,000 after buying an additional 23,301 shares during the last quarter. 26.94% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Ryan M. Zink acquired 10,000 shares of the company’s stock in a transaction on Wednesday, March 14th. The shares were bought at an average cost of $2.70 per share, with a total value of $27,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.74% of the company’s stock.

About Good Times Burgers & Frozen Custard

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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