Good Times Restaurants Inc. (GTIM)
NASDAQ:GTIM
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Good Times Restaurants
(NASDAQ:GTIM)
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Rating:48Neutral
Price Target:
$1.00
▼(-13.79% Downside)
Action:ReiteratedDate:02/07/26
The score is held down primarily by pressured financial performance (declining revenue, very thin margins, and elevated leverage) and weak technical trend signals. A modest valuation (P/E ~12.5) and earnings-call indicators of early Q1 same-store sales improvement and easing input costs provide partial offsets, but Q4 profitability deterioration limits upside.
Positive Factors
Diversified dual-brand footprint (full-service & quick-service)
Operating two distinct concepts (full-service Bad Daddy’s and quick-service Good Times) provides structural diversification of formats, customer occasions and channels (dine-in, takeout, drive-thru). This mix smooths revenue volatility across traffic cycles and supports cross-brand learnings and scale.
Negative Factors
Elevated leverage relative to equity
High debt-to-equity in a low-margin restaurant model increases financial risk and constrains strategic flexibility. Elevated leverage raises the cost of distress and limits the company's ability to invest in remodels, marketing or new unit growth if cash flows dip, making downside scenarios more severe.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified dual-brand footprint (full-service & quick-service)
Operating two distinct concepts (full-service Bad Daddy’s and quick-service Good Times) provides structural diversification of formats, customer occasions and channels (dine-in, takeout, drive-thru). This mix smooths revenue volatility across traffic cycles and supports cross-brand learnings and scale.
Read all positive factors
Good Times Restaurants (GTIM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.67M
Dividend YieldN/A
Average Volume (3M)18.76K
Price to Earnings (P/E)17.6
Beta (1Y)0.91
Revenue Growth1.84%
EPS Growth12.10%
CountryUS
Employees2,110
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)0.02
Shares Outstanding10,557,896
10 Day Avg. Volume25,342
30 Day Avg. Volume18,756
Financial Highlights & Ratios
PEG Ratio-0.47
Price to Book (P/B)0.52
Price to Sales (P/S)0.12
P/FCF Ratio-11.90
Enterprise Value/Market Cap3.88
Enterprise Value/Revenue0.36
Enterprise Value/Gross Profit3.58
Enterprise Value/Ebitda10.86
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Good Times Restaurants Business Overview & Revenue Model
Company Description
Good Times Restaurants Inc., through its subsidiaries, engages in the restaurant business in the United States. The company operates and franchises Good Times Burgers & Frozen Custard, an upscale quick-service drive-through dining restaurant; and ...
How the Company Makes Money
Good Times Restaurants generates revenue through various streams primarily centered around food and beverage sales at its restaurant locations. The company earns income from both dine-in and take-out services, with a focus on high-margin items lik...
Good Times Restaurants Key Performance Indicators (KPIs)
Good Times Restaurants Earnings Call Summary
Earnings Call Date:Feb 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Negative
The call reflects a company facing meaningful near-term challenges: Q4 showed declining same-store sales, margin compression from record input costs, higher labor and operating expenses, a swing to negative adjusted EBITDA, and a near-breakeven net result. Management described several clear operational fixes (training, cook-to-order, GM scheduling), early sequential improvement in comps through the first 11 weeks of Q1, successful product promotions, modest pricing actions, and improving input costs into Q1. While these initiatives and early trends are encouraging, the negative financial outcomes in Q4 (declines in sales and restaurant-level profit, negative adjusted EBITDA) outweigh the positive operational momentum at present.Positive Updates
Sequential Same-Store Sales Improvement
Good Times same-store sales declined 6.6% in Q4 but represented a 240 basis point sequential improvement from Q3; through the first 11 weeks of Q1 Good Times comps improved to down ~3.6% year-over-year. Bad Daddy's same-store sales were down 4.6% in Q4 but have improved sequentially into Q1 and are down ~1.6% through the first 11 weeks.
Negative Updates
Quarterly Revenue Decline
Total revenues decreased ~5.1% in Q4 to $34.0 million versus the prior-year quarter.
Read all updates
Q1-2026 Updates
Positive
Negative
Sequential Same-Store Sales Improvement
Good Times same-store sales declined 6.6% in Q4 but represented a 240 basis point sequential improvement from Q3; through the first 11 weeks of Q1 Good Times comps improved to down ~3.6% year-over-year. Bad Daddy's same-store sales were down 4.6% in Q4 but have improved sequentially into Q1 and are down ~1.6% through the first 11 weeks.
Read all positive updates
Company Guidance
The company guided to modest improvement in 2026 after a difficult Q4, noting Q4 total revenues fell ~5.1% to $34.0M (FY revenues down ~0.5% to $141.6M) and adjusted EBITDA was negative $74k vs. $1.3M a year ago, but said same-store sales trends are improving into Q1 (Good Times Q4 comp -6.6% — a 240 bps sequential improvement from Q3 and down ~3.6% through the first 11 weeks; Bad Daddy’s Q4 comp -4.6% with 38 restaurants in the comp base and down ~1.6% through the first 11 weeks), and expects Q1 average price realization of ~1.7% (blended Y/Y price increase <1% overall; company has taken ~1% menu price since Jan 2024). Input-costs peaked in Q4 (Bad Daddy F&B 31.6%, +40 bps; Good Times food & packaging 32.1%, +120 bps) but have eased into Q1 and are expected to improve Q/Q, while labor ran high (Bad Daddy 35.7%, +140 bps; Good Times 35.9%, +200 bps) with Colorado minimum wage rising to $15.16 (+2.4%) and tipped to $12.14 (+3%); restaurant-level operating profit was ~$2.4M (9.9%) at Bad Daddy’s vs $3.4M (13.2%) last year and $0.8M (8%, down 420 bps) at Good Times, combined G&A was $2.4M (7%, expect 6–7% in FY26), net loss to common was $3k ($0.00) for the quarter, cash was $2.6M, and long-term debt $2.3M.Good Times Restaurants Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
46
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 138.00M | 141.63M | 142.38M | 138.16M | 138.20M | 123.95M |
| Gross Profit | 13.71M | 13.54M | 15.86M | 15.42M | 15.96M | 18.38M |
| EBITDA | 4.53M | 4.52M | 5.23M | 4.71M | 3.18M | 26.18M |
| Net Income | 1.04M | 1.02M | 1.61M | 11.09M | -2.64M | 16.79M |
Balance Sheet | ||||||
| Total Assets | 82.51M | 83.81M | 87.12M | 91.09M | 86.39M | 93.68M |
| Cash, Cash Equivalents and Short-Term Investments | 3.32M | 2.60M | 3.85M | 4.18M | 8.91M | 8.86M |
| Total Debt | 39.79M | 41.83M | 44.43M | 48.87M | 50.97M | 54.66M |
| Total Liabilities | 48.49M | 50.00M | 54.03M | 58.09M | 58.60M | 62.81M |
| Stockholders Equity | 33.25M | 33.06M | 32.37M | 32.57M | 26.48M | 29.75M |
Cash Flow | ||||||
| Free Cash Flow | 1.71M | -1.45M | 1.99M | 3.19M | 2.65M | 5.95M |
| Operating Cash Flow | 3.55M | 1.61M | 5.13M | 7.96M | 5.29M | 9.14M |
| Investing Cash Flow | -2.19M | -3.84M | -3.66M | -10.44M | -2.62M | -3.19M |
| Financing Cash Flow | -1.07M | 983.00K | -1.80M | -2.25M | -2.62M | -8.56M |
Good Times Restaurants Technical Analysis
Positive
1.16
Price Trends
1.19
Positive
1.22
Negative
1.41
Negative
Market Momentum
<0.01
Negative
54.44
Neutral
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GTIM, the sentiment is Positive. The current price of 1.16 is below the 20-day moving average (MA) of 1.19, below the 50-day MA of 1.19, and below the 200-day MA of 1.41, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.44 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GTIM.
Good Times Restaurants Risk Analysis
Good Times Restaurants disclosed 28 risk factors in its most recent earnings report. Good Times Restaurants reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Good Times Restaurants Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $33.40M | 18.57 | 19.70% | ― | 0.35% | 9.25% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $97.84M | -0.90 | -1.47% | ― | 21.20% | ― | |
53 Neutral | $10.45M | -12.71 | -13.30% | ― | -4.16% | 29.52% | |
50 Neutral | $25.06M | 6.41 | -29.84% | ― | -9.70% | -194.23% | |
48 Neutral | $12.67M | 17.64 | 3.18% | ― | 1.84% | 12.10% | |
46 Neutral | $15.96M | -0.90 | 2210.86% | ― | 21.10% | -18.56% |
* Consumer Cyclical Sector Average
GTIM
Good Times Restaurants
1.20
-0.85
-41.46%
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-90.49%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.