Good Times Restaurants Inc.

NasdaqCM:GTIM 주식 리포트

시가총액: US$13.2m

Good Times Restaurants 향후 성장

Future 기준 점검 0/6

현재 Good Times Restaurants 의 성장과 수익을 예측할 만큼 분석가의 범위가 충분하지 않습니다.

핵심 정보

n/a

이익 성장률

n/a

EPS 성장률

Hospitality 이익 성장18.5%
매출 성장률n/a
향후 자기자본이익률n/a
애널리스트 커버리지

None

마지막 업데이트n/a

최근 향후 성장 업데이트

Recent updates

분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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).
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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...

이 섹션에서는 일반적으로 전문 애널리스트들의 컨센서스 추정치를 기반으로 매출 및 이익 성장 전망을 제시하여 투자자들이 회사의 수익 창출 능력을 이해하도록 돕습니다. 그러나 Good Times Restaurants는 과거 데이터가 충분하지 않고 애널리스트 예측도 없어, 과거 데이터를 단순히 외삽하거나 애널리스트 전망을 사용하여 향후 이익을 신뢰할 수 있게 계산할 수 없습니다.

Simply Wall St가 다루는 기업 중 97%는 과거 재무 데이터를 보유하고 있기 때문에, 이는 상당히 드문 상황입니다.

이익 및 매출 성장 예측

NasdaqCM:GTIM - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)
날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수
3/31/2026137223N/A
12/30/2025138124N/A
9/30/20251421-12N/A
7/1/20251431-22N/A
4/1/20251441-14N/A
12/31/2024146215N/A
9/24/2024142225N/A
6/25/2024141148N/A
3/26/2024139115N/A
12/26/20231381138N/A
9/26/20231381138N/A
6/27/20231391016N/A
3/28/20231401058N/A
12/27/2022139-325N/A
9/27/2022138-335N/A
6/28/2022137036N/A
3/29/20221341347N/A
12/28/20211301658N/A
9/28/20211241769N/A
6/29/202111917911N/A
3/30/202110941012N/A
12/29/2020106-1278N/A
9/29/2020110-1468N/A
6/30/2020110-2017N/A
3/31/2020115-19-24N/A
12/31/2019116-5N/A8N/A
9/24/2019111-5N/A7N/A
6/25/2019109-1N/A6N/A
3/26/2019106-2N/A6N/A
12/25/2018102-2N/A6N/A
9/25/2018100-1N/A7N/A
6/26/201895-1N/A7N/A
3/27/201891-2N/A6N/A
12/26/201785-2N/A6N/A
9/26/201779-2N/A5N/A
6/27/201774-2N/A5N/A
3/28/201770-1N/A6N/A
12/27/201667-1N/A6N/A
9/27/201664-1N/A5N/A
6/30/201662-1N/A6N/A
3/31/201657-2N/A5N/A
12/31/201550-2N/A3N/A
9/30/201544-1N/A3N/A
6/30/201538-1N/A2N/A

애널리스트 향후 성장 전망

수입 대 저축률: GTIM 의 예상 수익 증가율이 절약률(3.5%)보다 높은지 판단하기에는 데이터가 부족합니다.

수익 vs 시장: GTIM 의 수익이 US 시장보다 빠르게 성장할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.

고성장 수익: GTIM 의 수익이 향후 3년 동안 상당히 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.

수익 대 시장: GTIM 의 수익이 US 시장보다 빠르게 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.

고성장 매출: GTIM 의 수익이 연간 20%보다 빠르게 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.

주당순이익 성장 예측

향후 자기자본이익률

미래 ROE: GTIM의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.

성장 기업 찾아보기

7D

1Y

7D

1Y

7D

1Y

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/05/20 12:33
종가2026/05/20 00:00
수익2026/03/31
연간 수익2025/09/30

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
  • 현금흐름표
  • 대차대조표
분석가 컨센서스 추정치+3년
  • 재무 예측
  • 분석가 목표주가
시장 가격30년
  • 주가
  • 배당, 분할 및 기타 조치
지분 구조10년
  • 주요 주주
  • 내부자 거래
경영진10년
  • 리더십 팀
  • 이사회
주요 개발10년
  • 회사 공시

* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.

별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.

분석 모델 및 스노우플레이크

이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.

Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.

산업 및 섹터 지표

산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.

분석가 소스

Good Times Restaurants Inc.는 6명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

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