Maxim Group Believes Good Times Restaurants Inc (GTIM) Won’t Stop Here


Maxim Group analyst Stephen Anderson maintained a Buy rating on Good Times Restaurants Inc (NASDAQ: GTIM) today and set a price target of $7. The company’s shares opened today at $3.90, close to its 52-week high of $4.05.

Anderson observed:

“We maintain our Buy rating on Good Times Restaurants (GTIM) and raise our price target to $7, from $6, following the release of preliminary F3Q18 (June) sales results early this morning.”

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 14.4% and a 74.3% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Dine Brands Global Inc, and Brinker International.

Good Times Restaurants Inc has an analyst consensus of Moderate Buy, with a price target consensus of $6.

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The company has a one-year high of $4.05 and a one-year low of $2.25. Currently, Good Times Restaurants Inc has an average volume of 14.95K.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GTIM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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