In a report released today, Stephen Anderson from Maxim Group maintained a Buy rating on Good Times Restaurants Inc (NASDAQ: GTIM), with a price target of $7. The company’s shares opened today at $4.56.
Anderson said:
“We maintain our Buy rating and $7 price target on Good Times Restaurants (GTIM) following today’s release of F4Q18 (September) preliminary sales results.”
According to TipRanks.com, Anderson is a top 100 analyst with an average return of 14.6% and a 73.7% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Dine Brands Global Inc, and Del Taco Restaurants.
Good Times Restaurants Inc has an analyst consensus of Moderate Buy, with a price target consensus of $7.
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Based on Good Times Restaurants Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $304K. In comparison, last year the company had a GAAP net loss of $664K.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock.
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Good Times Restaurants, Inc. operates through its subsidiaries, engages in the business of developing, owning, operating, and franchising hamburger-oriented drive-through restaurants. It operates through the Good Times Burgers and Frozen Custard Restaurants, and Bad Daddy’s Burger Bar Restaurants segments.
