Good Times Restaurants Inc. ( GTIM ) was a big mover last session, as the company saw its shares rise roughly 8% on the day. The upside was driven by the company's announcement of the pricing of its upsized common stock offering. The offering is expected to close on May 7, 2015, subject to customary closing conditions. This led to more shares changing hands than in a normal session. Yesterday's rally breaks the recent trend of the company, as the stock is now trading above the volatile price range of $7.39 to $8.44 in the past one-month time frame.
The company has seen no estimate revisions over the past 7 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Good Times Restaurants currently carries a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
A better-ranked restaurant stock is BJ's Restaurants, Inc. ( BJRI ), which sports a Zacks Rank #1 (Strong Buy).
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