In a report released today, Stephen Anderson from Maxim Group maintained a Buy rating on Good Times Restaurants Inc (GTIM), with a price target of $7. The company’s shares opened today at $2.62, close to its 52-week low of $2.25.
Anderson observed:
“We maintain our Buy rating and $7 price target on Good Times Restaurants (GTIM) following today’s release of F1Q19 (December) preliminary sales results.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 10.4% and a 66.5% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Dine Brands Global Inc, and Del Taco Restaurants.
Currently, the analyst consensus on Good Times Restaurants Inc is a Moderate Buy with an average price target of $7.
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Based on Good Times Restaurants Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $324K. In comparison, last year the company had a GAAP net loss of $583K.
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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.
