Maxim Group Maintains a Buy Rating on Good Times Restaurants Inc

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 $6. The company’s shares closed yesterday at $3.30.

Anderson commented:

“We maintain our Buy rating and $6 price target on Good Times Restaurants (GTIM) following the release of full F2Q18 (March) results yesterday..”

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 11.7% and a 69.0% 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 $3.78 and a one-year low of $2.25. Currently, Good Times Restaurants Inc has an average volume of 20.95K.

Based on the recent corporate insider activity of 33 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.