Good Times Restaurants (NASDAQ:GTIM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The firm currently has a $2.75 price target on the restaurant operator’s stock. Zacks Investment Research‘s price target indicates a potential upside of 19.57% from the stock’s current price.
According to Zacks, “Good Times Restaurants Inc. is a holding company. Through its wholly-owned subsidiary, they are engaged in the business of developing, owning, operating and franchising restaurants under the name Good Times Drive Thru Burgers. Good Times DriveThru Burgers restaurants are owned, operated and franchised by their subsidiary, Good Times Drive Thru Inc. Good Times Drive Thru Burgers restaurants feature a limited menu for drive-through and walk-up customers. “
Separately, Maxim Group reissued a “buy” rating and issued a $6.00 price objective on shares of Good Times Restaurants in a research report on Tuesday, October 3rd.
An institutional investor recently raised its position in Good Times Restaurants stock. Granite Point Capital Management L.P. boosted its holdings in Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 273,050 shares of the restaurant operator’s stock after purchasing an additional 16,300 shares during the period. Granite Point Capital Management L.P. owned about 2.22% of Good Times Restaurants worth $969,000 as of its most recent SEC filing. 32.40% of the stock is owned by institutional investors and hedge funds.
Good Times Restaurants Company Profile
Good Times Restaurants Inc operates and franchises Good Times Burgers & Frozen Custard (Good Times) restaurants and Bad Daddy’s Burger Bar concept (Bad Daddy’s). The Company operates through two segments: Good Times Burgers and Frozen Custard restaurants, and Bad Daddy’s Burger Bar restaurants. Good Times is a quick service restaurant concept.
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