Why Good Times Restaurants Inc. [GTIM] Stock Still Has Countless Sunny Days Ahead

Good Times Restaurants Inc. [GTIM] has traded in a range of $0.45 to $2.20 in the last 1 year. As of this writing, the stock is at $1.69, up 2.43%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, GTIM shares are 7.49% up with the monthly amount drift of 29.11% and seems well in a long time frame.

On 13, October 2020, Good Times Restaurants Provides Business Update and Reports Fourth Quarter Same Store Sales. According to news published on Yahoo Finance, Good Times Restaurants Inc. (Nasdaq: GTIM), operator of Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard, today announced that year-over-year same store sales for its Good Times brand increased 10.0% for its fourth fiscal quarter and 7.9% for the full fiscal year ended September 29, 2020. Year-over-year same store sales at its Bad Daddy’s concept decreased 12.2% during the quarter and 17.7% for the full fiscal year as we continue to experience the effects of the COVID-19 pandemic and associated government restrictions related to restaurant dining rooms. Bad Daddy’s same store sales improved throughout the quarter as we believe guests are becoming more comfortable with on-premises dining. Good Times same store sales increases softened during the quarter due to increased dining options as more full-service concepts re-opened dining rooms and guests’ comfort with on-premise dining progressively increased. Both brands were affected in September by one of the earliest snowfalls in Colorado history. Same store sales and average weekly sales at Bad Daddy’s and Good Times for each month of the quarter are as follows:.

Analyst Birdseye View:

The most recent analyst activity for Good Times Restaurants Inc. [NASDAQ:GTIM] stock was on September 08, 2015, when it was Upgrade with a Buy rating from Craig Hallum. Before that, on June 22, 2017, Maxim Group Recapitulated a Buy rating and elevated its amount target to $6. On May 14, 2015, Craig Hallum Downgrade a Hold rating. On February 17, 2015, ROTH Capital Reiterated a Buy rating and increased its price target from $8.50 to $10.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.45 and a peak of $2.20. Right now, the middling Wall Street analyst 12-month amount mark is $5.00. At the most recent market close, shares of Good Times Restaurants Inc. [NASDAQ:GTIM] were valued at $1.69.

FUNDAMENTAL ANALYSIS

Good Times Restaurants Inc. [NASDAQ:GTIM] most recently reported quarterly sales of 24.36 billion, which represented growth of -17.30%. This publicly-traded organization’s revenue is $43,692 per employee, while its income is -$2,026 per employee. This company’s Gross Margin is currently 19.40%, its Operating Margin is -16.30%, its Pretax Margin is -3.84, and its Net Margin is -4.64. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -8.50, -16.74, 0.00 and -12.57 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 31.93 and the whole liability to whole assets at 21.45. It shows enduring liability to the whole principal at 31.93 and enduring liability to assets at 0.21 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 1.6033 points at 1st support level, the second support level is making up to 1.5567. But as of 1st resistance point, this stock is sitting at 1.6733 and at 1.6967 for 2nd resistance point.

Good Times Restaurants Inc. [GTIM] reported its earnings at -$0.06 per share in the fiscal quarter closing of 12/30/2019. The Analysts for Wall Street were expecting to report its earnings at -$0.02/share signifying the difference of -0.04 and -200.00% surprise value. Comparing the previous quarter ending of 9/29/2019, the stated earnings were -$0.27 calling estimates for -$0.06/share with the difference of -0.21 depicting the surprise of -350.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Good Times Restaurants Inc. [NASDAQ:GTIM] is 0.90. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.30. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.19 and it’s amount to book ratio is 0.77.

Insider Stories

The most recent insider trade was by STETSON ROBERT J, Director, and it was the purchase of 3300.0 shares on Sep 29. STETSON ROBERT J, the Director, completed a purchase of 3300.0 shares on Sep 16. On Sep 01, STETSON ROBERT J, Director, completed a purchase of 3300.0 shares.