Maxim Group analyst Stephen Anderson maintained a Buy rating on Good Times Restaurants Inc (GTIM) today and set a price target of $7. The company’s shares closed yesterday at $2.25, close to its 52-week low of $2.08.
Anderson wrote:
“We maintain our Buy rating and $7 price target on Good Times Restaurants (GTIM) following the release of full F2Q19 (March) results yesterday.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 10.3% and a 70.0% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Famous Dave’s Of America, and Dine Brands Global Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Good Times Restaurants Inc with a $7 average price target.
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Based on Good Times Restaurants Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $1.05 million. In comparison, last year the company had a GAAP net loss of $431K.
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Good Times Restaurants, Inc. owns, operates, and franchises restaurants in Colorado and Wyoming. It operates through the following segments: Good Times Burgers & Frozen Custard restaurants and Bad Daddy’s Burger Bar restaurants. The company was founded in 1987 and is headquartered in Lakewood, CO.
