Good Times Restaurants has entered into a third amendment to its credit agreement. The company operates Bad Daddy's Burger Bar and Good Times Burgers & Frozen Custard restaurants. It owns 40 Bad Daddy's restaurants and 30 Good Times locations, primarily in Colorado. The amendment is not specified in the filing.
Good Times Restaurants, a leading operator of Bad Daddy's Burger Bar and Good Times Burgers & Frozen Custard, has entered into a third amendment to its credit agreement. The company, which operates 40 Bad Daddy's restaurants and 30 Good Times locations primarily in Colorado, has not specified the details of the amendment in its latest filing.
The amendment is significant as it indicates the company's ongoing efforts to manage its financial obligations. While the specifics of the amendment are not disclosed, it is likely aimed at adjusting the terms of the credit facility to better align with the company's current financial position and future growth prospects.
Good Times Restaurants has been actively expanding its footprint and diversifying its offerings. The company's recent acquisition of Global Blue, a travel payment platform, and its partnership with Blue Origin to enable cryptocurrency payments for space flights are strategic moves that reflect its ambitious growth strategy.
The company's stock performance has been closely watched by analysts. Wolfe Research has lowered its price target for Shift4 Payments to $110 while maintaining an Outperform rating, while Keefe, Bruyette & Woods has reduced its price target to $100 but raised its earnings estimates for the company for fiscal years 2025 and 2026. These adjustments consider the expected contribution from Global Blue in the coming years.
The company's founder, Jared Isaacman, has also recently acquired a significant amount of company stock, further indicating his confidence in the company's future prospects.
Overall, the amendment to the credit agreement is a strategic move that reflects Good Times Restaurants' ongoing efforts to manage its financial obligations and support its growth plans.
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