Good Times Restaurants Inc.

NasdaqCM:GTIM Lagerbericht

Marktkapitalisierung: US$13.8m

Good Times Restaurants Vergangene Ertragsentwicklung

Vergangenheit Kriterienprüfungen 4/6

Good Times RestaurantsDie Gewinne des Unternehmens sind mit einer durchschnittlichen jährlichen Rate von -38.2% zurückgegangen, während in der Branche Hospitality die Gewinne wachsen. Die Umsatzerlöse sind gewachsen mit einer durchschnittlichen Rate von 3.1% pro Jahr. Good Times Restaurants Die Eigenkapitalrendite des Unternehmens beträgt 5.6%, und die Nettomargen liegen bei 1.3%.

Wichtige Informationen

-38.16%

Wachstumsrate der Gewinne

-35.63%

EPS-Wachstumsrate

Hospitality Wachstum der Industrie19.52%
Wachstumsrate der Einnahmen3.10%
Eigenkapitalrendite5.58%
Netto-Marge1.32%
Letzte Ertragsaktualisierung31 Mar 2026

Jüngste Aktualisierungen vergangener Leistungen

Analyseartikel Feb 12

We Think That There Are More Issues For Good Times Restaurants (NASDAQ:GTIM) Than Just Sluggish Earnings

Good Times Restaurants Inc.'s ( NASDAQ:GTIM ) recent weak earnings report didn't cause a big stock movement. Our...

Recent updates

Analyseartikel Feb 12

We Think That There Are More Issues For Good Times Restaurants (NASDAQ:GTIM) Than Just Sluggish Earnings

Good Times Restaurants Inc.'s ( NASDAQ:GTIM ) recent weak earnings report didn't cause a big stock movement. Our...
Analyseartikel Dec 25

Investors Will Want Good Times Restaurants' (NASDAQ:GTIM) Growth In ROCE To Persist

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analyseartikel Oct 17

Is Good Times Restaurants (NASDAQ:GTIM) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analyseartikel Aug 14

Investors Aren't Buying Good Times Restaurants Inc.'s (NASDAQ:GTIM) Earnings

NasdaqCM:GTIM 1 Year Share Price vs Fair Value Explore Good Times Restaurants's Fair Values from the Community and...
Analyseartikel Jul 10

Is Good Times Restaurants (NASDAQ:GTIM) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analyseartikel May 16

Good Times Restaurants' (NASDAQ:GTIM) Solid Earnings Are Supported By Other Strong Factors

Good Times Restaurants Inc.'s ( NASDAQ:GTIM ) earnings announcement last week was disappointing for investors, despite...
Analyseartikel Apr 05

Good Times Restaurants (NASDAQ:GTIM) Has A Pretty Healthy Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analyseartikel Sep 28

Improved Revenues Required Before Good Times Restaurants Inc. (NASDAQ:GTIM) Shares Find Their Feet

Good Times Restaurants Inc.'s ( NASDAQ:GTIM ) price-to-sales (or "P/S") ratio of 0.2x might make it look like a buy...
Analyseartikel Aug 09

We Think You Can Look Beyond Good Times Restaurants' (NASDAQ:GTIM) Lackluster Earnings

The most recent earnings report from Good Times Restaurants Inc. ( NASDAQ:GTIM ) was disappointing for shareholders...
Analyseartikel Feb 23

Why Investors Shouldn't Be Surprised By Good Times Restaurants Inc.'s (NASDAQ:GTIM) Low P/S

When you see that almost half of the companies in the Hospitality industry in the United States have price-to-sales...
Analyseartikel Dec 22

Good Times Restaurants' (NASDAQ:GTIM) Profits May Not Reveal Underlying Issues

Good Times Restaurants Inc.'s ( NASDAQ:GTIM ) stock didn't jump after it announced some healthy earnings. We did some...
Analyseartikel Aug 09

We Like These Underlying Return On Capital Trends At Good Times Restaurants (NASDAQ:GTIM)

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...
Analyseartikel Nov 17

Good Times Restaurants (NASDAQ:GTIM) Is Experiencing Growth In Returns On Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Seeking Alpha Oct 11

Let The Good Times Restaurants Roll

Summary Good Times Restaurants owns two concepts - the original Good Times Drive Thru and Bad Daddy's Burger Bar. Despite continued cash generation, shares have recently traded lower to a $17m Enterprise Value. I expect shares to recover once inflationary pressure eases. Plenty of restaurant stocks have experienced a volatile past two years as impacts from the Covid-19 pandemic work their way through labor markets and the supply chain. Today I want to examine a stock trading near a multi-year low but with surprisingly strong fundamentals. Good Times Restaurants (GTIM) finds themselves at an interesting crossroads with two operating chains: Good Times Burgers & Frozen Custard, and Bad Daddy's Burger Bar. Bad Daddy's had a much harder time during the pandemic than the fast-casual Good Times (i.e. Q3-20 same store sales (SSS) for Good Times restaurants increased 11.9% and for Bad Daddy’s restaurants decreased 36.7%). The balance between the two chains helped the company tread water better than some peers, though Bad Daddy's made up a much larger portion of historic sales. Recent Results Good Times IR Site GTIM posted Q3 results recently with $36.5m revenue and $1.7m of Adjusted EBITDA ($103.0m and $4.0m year-to-date). In addition, they have $9.7m cash, and cash from operations inflected strongly back above $3m for the quarter after a small decrease in Q1 and positive $1.5m in Q2. Not bad for a $27m market cap ($17m Enterprise Value). 3rd quarter SSS were positive, though slightly negative for both concepts once adjusting for Y/Y price increases (8.2% for Good Times and 6.8% for Bad Daddy’s). Comps Bad Daddys (Bad Daddy's Website) Bad Daddy's are generally 3.5-4k square feet and do $550-700 sales/sq. ft. (lower end due to Covid) at 39 locations ($2.4m average AUM in FY21). Good Times concepts can be around 1k sq. ft. (double drive thru) or 2k sq. ft. if they have a dining room and average $1.2-$1.3m in sales each of the last two years (32 total locations). There is some upside here, as per their Q2-22 call, “over 20% of our restaurants at Bad Daddy’s with a full year of operating history, exceeding $3 million volumes and two restaurants continuing to exceed $4 million annual volumes on a last 12-month basis.” BBQ Holdings ((BBQ)) is probably the best recently public comp for Bad Daddy's in terms of restaurant size and sales ($2.2-2.5m). BBQ made $206m of FY21 revenue, $17.4m EBITDA, and $7.0m net income. MTY Food (OTCPK:MTYFF) recently announced a deal to take them private at a $200m transaction value: “As of Aug. 9, 2022, BBQ operates 200+ franchised and 100+ corporate-owned restaurants; for FY22 ending Jan. 1, 2023, the company is expected to generate 12-month run-rate system sales and cash EBITDA between $685M to $725M and $25.5M and $27.5M, respectively. With this Transaction, MTY will add leading restaurant brands to its network which will reach a total of ~7K locations, including 3.9K+ in U.S. The transaction is expected to be immediately accretive to MTY’s free cash flow per share; transaction represents a 7.5x multiple of BBQ mid-point FY2022E run-rate cash EBITDA guidance of $26.5M.” Fiesta Restaurant Group (FRGI) carries a ~$150m EV against $357m of FY21 revenues and $25m of adjusted EBITDA (6x EBITDA), but with negative free cash flow. The restaurant size and metrics are fairly comparable to Bad Daddy's albeit with lower quality food. The brand recently streamlined around Pollo Tropical after divesting Taco Cabana. Valuation The above suggests 6x EBITDA is a reasonable trailing valuation, implying current inflationary pressures will result in lower earnings. GTIM nevertheless reported $9.5m of calendar 2021 EBITDA, pricing them at less than 2x EBITDA. YTD Q3-22, adjusted EBITDA has been $4.0m (3.2x annualized EBITDA), with the company citing cost pressures from food and labor inflation as the primary headwinds. Another attractive way to look at the valuation is to focus on the Bad Daddy's locations, assuming the Good Times location recovery was Covid-driven and transitory. We will define Bad Daddy’s FCF as: Sales less Restaurant Opex less advertising plus D&A less maintenance CapEx less allocated SG&A. FY18: $67.4m-61.6m-0.6m+2.8m-$0.4m-5.5m = $2.1m FY19: $79.8m-72.7-0.8+3.4-0.4-7.7 = $1.6m FY20: $76.3m-69.8-0.8+3.3-0.3-5.8 = $2.9m FY21: $88.6m-77.6-0.8+3.1-0.8-7.1 = $5.4m YTD Q3-22: $77.2m-66.8 (Includes D&A)-1.2-0.9-5.0 (est) = $3.3m ($4.4m annualized) Note – 9 Bad Daddy’s locations were opened in FY18 and 4 in FY19 – of the total $7.0m CapEx in FY19, $6.6m was opening new locations, and $9.7m of the $10.1m in FY18 related to new restaurants. FY21 had $1.9m of growth CapEx, and FY20 had $2.0m. I have removed the growth expenditure above to provide a run-rate picture of their cash flow quality.
Seeking Alpha Sep 26

Good Times Restaurants: The Bullish Thesis Remains Compelling

Summary Good Times Restaurants recently reported Q3 FY22 results, in line with expectations. Profitability remains challenging due to commodity and labor inflation. Despite no long-term debt and healthy growth, the firm currently trades as a distressed asset. I believe this gives value investors a good opportunity to buy an undervalued business with significant upside. I maintain my buy rating on GTIM, although I have lowered my fair value estimate from $8 to $7 per share to account for deteriorating economic conditions. Position sizing is critical in this market, and investors must be prepared to tolerate and capitalize on short-term volatility. Investment Thesis Good Times Restaurants (GTIM) is one of the few stocks with a buy rating at Unlocking Alpha in 2022 (you can read my previous article here). The reason is simple: it's trading significantly lower than its intrinsic value. Following Q3 results published on August 11th, market repricing pushed GTIM into bargain territory once again. The company now trades at less than book value, despite no long-term debt and positive growth. On the flip side, deteriorating economic growth and negative sentiment are growing concerns for markets at this stage, and are weighing down on GTIM in the short term. I remain bullish on GTIM despite the pessimism thanks to the company's positive fundamentals and low valuation. That said, position sizing is very important in this market environment, and it's crucial for investors to be able to withstand and take advantage of short-term volatility. An Update Following Q3 FY22 Results GTIM published Q3 FY22 earnings on August 11th, 2022. Total sales increased by ~7.5% YoY to $36.5 million in the most recent quarter, which is lower than previous quarters' YoY growth rates. Free cash flow reached over $4 million year-to-date, and over $6 million on a TTM basis. Bad Daddy's ("BDBB") continues to be the main growth driver. BDBB's revenue rose by over 11% QoQ growth, of which ~5% is attributable to same-store sales growth. Total restaurant sales for Bad Daddy’s restaurants increased $2.8 million to $27.1 million for the quarter. Same-store sales increased 5.3% during the quarter with 38 Bad Daddy’s in the comp base at the end of the quarter. Matthew Karnes – Senior Vice President-Finance - Q3 FY22 Earnings Call As previously anticipated, Good Times ("GT") sales remain sluggish, but positive comparable sales are definitely a good development. During the earnings call, management touched on their plan to rejuvenate the GT concept, although I believe the results of this strategy will take more than a few quarters to show up in the financials given the pace of the program. Restaurant sales at Good Times were $9.1 million, a decrease of $0.2 million, driven by the closure of one restaurant at the end of March, mostly offset by the 1.6% same-store sales. Matthew Karnes – Senior Vice President-Finance - Q3 FY22 Earnings Call Both concepts faced unprecedented cost inflation, which pressured margins. GTIM generated ~$6.7 million in gross profit, compared to ~$8 million in the same quarter last year despite higher sales, for a gross profit margin of ~18.3% vs ~23.7%. While management sees some relief in some key products, chicken products remain "at stubbornly high levels", and their price hikes have failed to preserve the same profitability levels so far. Labor is another key factor contributing to lower profits. In some instances, labor costs increased up to over 30% YoY in order to attract new talent. As a result, we are now seeing a normalization of both gross and operating profit margins. We saw cost pressures across the restaurant P&L driven by high product costs, partially offset by a 6.8% year-over-year menu price increase at Bad Daddy’s and an 8.2% year-over-year menu price increase at Good Times. Protein costs, namely beef and bacon, have shown some price stability from last quarter, and we’ve seen improvement in the pricing of chicken wings. But chicken breast, which is our main shipping product of both concepts continues to remain at stubbornly high levels.$ We believe that the final quarter of this fiscal year will continue to show pressure on restaurant level margins with food and labor cost percentages that are higher than our long-term target. Ryan Zink – President and Chief Executive Officer - Q3 FY22 Earnings Call Refinitiv Eikon On the balance sheet side, GTIM maintains a prudent approach to capital allocation. The company continues to operate without long-term debt, although it could be argued that leveraging the balance sheet in H2 2020 or in 2021 to lock in historically low interest rates could have been a good move given where yields are today. As a result, CAPEX continues to be entirely financed by cash from operating activities. That said, a strong balance sheet gives GTIM the upper hand in the coming 18 months over competitors using too much leverage.
Seeking Alpha Aug 11

Good Times Restaurants GAAP EPS of $0.04, revenue of $36.5M

Good Times Restaurants press release (NASDAQ:GTIM): Q3 GAAP EPS of $0.04. Revenue of $36.5M (+7.7% Y/Y).
Analyseartikel Jul 23

With EPS Growth And More, Good Times Restaurants (NASDAQ:GTIM) Makes An Interesting Case

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analyseartikel Jun 14

Returns On Capital Are Showing Encouraging Signs At Good Times Restaurants (NASDAQ:GTIM)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Seeking Alpha May 16

Good Times Restaurants: Is There Light At The End Of The Tunnel?

The Macro environment for restaurants has deteriorated significantly. GTIM's Q2 2022 results showed massive margin pressure. GTIM should be able to survive this short-term headwind and come out better on the other side.
Analyseartikel May 14

Good Times Restaurants Inc. (NASDAQ:GTIM) Not Doing Enough For Some Investors As Its Shares Slump 26%

Unfortunately for some shareholders, the Good Times Restaurants Inc. ( NASDAQ:GTIM ) share price has dived 26% in the...
Seeking Alpha Apr 08

Good Times Restaurants: The Recent Pullback Provides A Good Entry Point

GTIM is trading at less than 9x LTM free cash flow for a company likely to grow at a mid-single-digit rate going forward. The main catalysts remain unit growth, strong positive comparable sales in the BDBB segment, and buybacks. GTIM could double over the next few years if the abovementioned free cash flow growth rate can be achieved.
Analyseartikel Jan 07

Estimating The Fair Value Of Good Times Restaurants Inc. (NASDAQ:GTIM)

Does the January share price for Good Times Restaurants Inc. ( NASDAQ:GTIM ) reflect what it's really worth? Today, we...
Seeking Alpha Jan 06

Good Times Restaurants: A Speculative Food Service Play Under 3x EBITDA

Good Times is a super-cheap restaurant stock that may be on the verge of better growth. Day-to-day management execution of its natural burger and frozen custard store concepts will be key to the stock's price direction in 2022. Improving share performance and a zero-debt balance sheet are noteworthy.
Seeking Alpha Oct 29

Good Times Restaurants Offers A Good Risk-Reward Situation

The stock had a stellar performance in the past 12 months (1-year return of 210.5%), outperforming the S&P 500 index and the Russell 2000 index. I expect unit and same-store sales growth to serve as catalysts and drive the stock price higher in the near future. GTIM is currently trading at 5x EV/EBITDA, which is a lower valuation than most of its peers.
Analyseartikel Jun 09

Good Times Restaurants (NASDAQ:GTIM) Is Doing The Right Things To Multiply Its Share Price

There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...

Aufschlüsselung der Einnahmen und Ausgaben

Wie Good Times Restaurants Geld verdient und ausgibt. Basierend auf den neuesten gemeldeten Einnahmen der letzten zwölf Monate.


Gewinn- und Umsatzhistorie

NasdaqCM:GTIM Einnahmen, Ausgaben und Erträge (USD Millions)
DatumEinnahmenGewinnAllgemeine und VerwaltungskostenF&E-Ausgaben
31 Mar 26137290
30 Dec 25138190
30 Sep 251421100
01 Jul 251431100
01 Apr 251441110
31 Dec 241462110
24 Sep 241422110
25 Jun 241411100
26 Mar 241391100
26 Dec 2313811100
26 Sep 2313811100
27 Jun 2313910100
28 Mar 2314010100
27 Dec 22139-3100
27 Sep 22138-3110
28 Jun 221370100
29 Mar 2213413110
28 Dec 2113016110
28 Sep 2112417100
29 Jun 211191790
30 Mar 21109480
29 Dec 20106-1270
29 Sep 20110-1480
30 Jun 20110-2090
31 Mar 20115-19100
31 Dec 19116-5100
24 Sep 19111-5100
25 Jun 19109-1100
26 Mar 19106-2110
25 Dec 18102-2110
25 Sep 18100-1110
26 Jun 1895-1100
27 Mar 1891-2100
26 Dec 1785-2100
26 Sep 1779-2100
27 Jun 1774-290
28 Mar 1770-180
27 Dec 1667-180
27 Sep 1664-180
30 Jun 1662-180
31 Mar 1657-270
31 Dec 1550-260
30 Sep 1544-150
30 Jun 1538-150

Qualität der Erträge: GTIM hat hohe Qualitätseinkünfte.

Wachsende Gewinnspanne: GTIMDie aktuellen Gewinnspannen (1.3%) sind höher als im letzten Jahr (0.8%).


Analyse von freiem Cashflow und Gewinn


Analyse des Gewinnwachstums in der Vergangenheit

Ergebnisentwicklung: GTIMDie Erträge des Unternehmens sind in den letzten 5 Jahren um 38.2% pro Jahr zurückgegangen.

Beschleunigtes Wachstum: GTIMDas Gewinnwachstum des Unternehmens im letzten Jahr (64.2%) übertrifft seinen 5-Jahres-Durchschnitt (-38.2% pro Jahr).

Erträge im Vergleich zur Industrie: GTIM Das Gewinnwachstum im vergangenen Jahr (64.2%) übertraf das der Branche Hospitality 24.3% .


Eigenkapitalrendite

Hohe Eigenkapitalrendite: GTIMDie Eigenkapitalrendite des Unternehmens (5.6%) wird als niedrig angesehen.


Kapitalrendite


Rendite auf das eingesetzte Kapital


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Unternehmensanalyse und Finanzdaten Status

DatenZuletzt aktualisiert (UTC-Zeit)
Unternehmensanalyse2026/05/22 14:52
Aktienkurs zum Tagesende2026/05/22 00:00
Gewinne2026/03/31
Jährliche Einnahmen2025/09/30

Datenquellen

Die in unserer Unternehmensanalyse verwendeten Daten stammen von S&P Global Market Intelligence LLC. Die folgenden Daten werden in unserem Analysemodell verwendet, um diesen Bericht zu erstellen. Die Daten sind normalisiert, was zu einer Verzögerung bei der Verfügbarkeit der Quelle führen kann.

PaketDatenZeitrahmenBeispiel US-Quelle *
Finanzdaten des Unternehmens10 Jahre
  • Gewinn- und Verlustrechnung
  • Kapitalflussrechnung
  • Bilanz
Konsensschätzungen der Analysten+3 Jahre
  • Finanzielle Vorausschau
  • Kursziele der Analysten
Marktpreise30 Jahre
  • Aktienkurse
  • Dividenden, Splits und Aktionen
Eigentümerschaft10 Jahre
  • Top-Aktionäre
  • Insiderhandel
Verwaltung10 Jahre
  • Das Führungsteam
  • Direktorium
Wichtige Entwicklungen10 Jahre
  • Ankündigungen des Unternehmens

* Beispiel für US-Wertpapiere, für nicht-US-amerikanische Wertpapiere werden gleichwertige regulatorische Formulare und Quellen verwendet.

Sofern nicht anders angegeben, beziehen sich alle Finanzdaten auf einen Jahreszeitraum, werden aber vierteljährlich aktualisiert. Dies wird als Trailing Twelve Month (TTM) oder Last Twelve Month (LTM) Daten bezeichnet. Erfahren Sie mehr.

Analysemodell und Schneeflocke

Einzelheiten zu dem Analysemodell, mit dem dieser Bericht erstellt wurde, finden Sie auf unserer Github-Seite. Außerdem bieten wir Leitfäden zur Verwendung unserer Berichte und Tutorials auf YouTube an.

Erfahren Sie mehr über das Weltklasse-Team, das das Simply Wall St-Analysemodell entworfen und entwickelt hat.

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Analysten-Quellen

Good Times Restaurants Inc. wird von 6 Analysten beobachtet. 0 dieser Analysten hat die Umsatz- oder Gewinnschätzungen übermittelt, die als Grundlage für unseren Bericht dienen. Die von den Analysten übermittelten Daten werden im Laufe des Tages aktualisiert.

AnalystEinrichtung
Jeremy HamblinColliers Securities
Alex FuhrmanCraig-Hallum Capital Group LLC
Stephen AndersonMaxim Group