Good Times Restaurants stock hits 52-week low at $2.24

In a challenging year for the restaurant industry, Good Times Restaurants Inc. (GTIM) saw its stock price touch a 52-week low, dipping to $2.24. The casual dining and quick-service restaurant company, which generates annual revenue of $145.49M and maintains a P/E ratio of 11.04, is known for its focus on high-quality, all-natural burgers, frozen custard, and a selection of other fresh fare. Despite industry headwinds that reflect broader market trends and operational challenges, the company has achieved 5.49% revenue growth over the last twelve months. Over the past year, GTIM’s stock has experienced a notable decline, with a 1-year change showing a decrease of -11.81%. This downturn mirrors the difficulties faced by many in the sector, as they navigate shifting consumer habits and economic pressures. According to InvestingPro analysis, management has been actively buying back shares, demonstrating confidence in the company’s future. The 52-week low represents a critical juncture for the company, as investors and management alike look for strategies to rejuvenate growth and regain market confidence. For deeper insights into GTIM’s valuation and growth potential, investors can access comprehensive analysis through InvestingPro’s detailed research reports.

In other recent news, Good Times Restaurants Inc. reported its fourth-quarter 2024 earnings, showing a net income of $200,000, which translates to earnings per share (EPS) of $0.02. This marks a turnaround from a loss of $600,000 in the previous year, with revenue reaching $36.3 million. The company also announced the resignation of Donald L. Stack, Senior Vice President of Operations, with his responsibilities being taken over by CEO Ryan M. Zink and Craig Soto, who will assume the new role of Director of Operations. Additionally, shareholders elected five directors to the company’s board and decided on a biennial advisory vote on executive compensation. The board ratified Moss Adams LLP as the independent auditor for the fiscal year ending September 30, 2025. Furthermore, Charles E. Jobson was elected as Chairman of the Board, with Jason S. Maceda and Jennifer C. Stetson heading the Audit and Compensation Committees, respectively. The company is also exploring new restaurant locations and continuing its share repurchase program, as highlighted by CEO Ryan Zink during a recent earnings call.

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