Good Times Restaurants Inc (NASDAQ:GTIM) reported that it has purchased the real and personal property linked with a high volume restaurant that has been operated by one of its franchisees for a total purchase price of $1.25 million.
The Golden, Colorado based company reported that it plans to vend the real estate underlying the restaurant in a sale leaseback deal that it projects will yield almost $1.1 million in net proceeds.
Good Times Restaurants also declared that it anticipates closing on another sale leaseback deal coming week that will allow the company to pay down all of its remaining term borrowing.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Burger King Worldwide Inc (NYSE:BKW) rose +1.28% to settle at $17.47, The Wendy’s Company (NASDAQ:WEN) moved up +0.21% to end at $4.76 while Jack in the Box Inc. (NASDAQ:JACK) jumped +0.10% to finish at $29.22 on Friday.
Good Times Restaurants Inc. (NASDAQ:GTIM) last session’s volume of 457,752 shares was higher than its average volume of 85,950 shares. The stock after opening at $2.43 hit high price of $3.35 and then closed at $2.82 by scoring +16.53%.
GTIM generated revenue of $19.71 million in the previous twelve months and earned -$0.78 million. The Company showed a negative -3.39% in the net profit margin as well as in its operating margin which remained at -2.41%. Company’s annual sales growth for the past five years was -4.61%.
The GTIM’s past twelve months’ price to sales ratio was 0.39 and price to cash ratio remained 12.42. As far as the returns are concerned, GTIM’s return on equity was recorded as -28.99% and return on investment decreased -14.93% while its return on asset stayed at -9.50%.
The stock showed weekly upbeat performance of 19.49% which was maintained for the month at 48.42%. Likewise the positive performance for the quarter was recorded as 116.92% and for the year was 131.15% while the YTD performance remained at 22.08%.
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