Good Times Restaurants (NASDAQ:GTIM) Now Covered by StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a research report issued on Monday. The brokerage set a “strong-buy” rating on the restaurant operator’s stock.

Good Times Restaurants Price Performance

GTIM stock opened at $1.86 on Monday. The business has a 50 day moving average price of $2.19 and a 200 day moving average price of $2.46. The company has a quick ratio of 0.33, a current ratio of 0.42 and a debt-to-equity ratio of 0.08. The stock has a market cap of $19.78 million, a price-to-earnings ratio of 8.45 and a beta of 1.37. Good Times Restaurants has a fifty-two week low of $1.80 and a fifty-two week high of $3.45.

Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $0.02 earnings per share for the quarter. Good Times Restaurants had a net margin of 1.60% and a return on equity of 7.11%.

Institutional Trading of Good Times Restaurants

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of Good Times Restaurants by 11.6% in the 3rd quarter. Geode Capital Management LLC now owns 90,947 shares of the restaurant operator’s stock valued at $247,000 after purchasing an additional 9,459 shares during the period. Dimensional Fund Advisors LP lifted its stake in Good Times Restaurants by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 85,760 shares of the restaurant operator’s stock valued at $222,000 after buying an additional 4,754 shares during the last quarter. Finally, Arcadia Wealth Management Inc. acquired a new stake in shares of Good Times Restaurants in the fourth quarter valued at approximately $129,000. Institutional investors and hedge funds own 12.06% of the company’s stock.

About Good Times Restaurants

Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. It operates and franchises Good Times Burgers & Frozen Custard, an upscale quick-service drive-through dining restaurant; and owns, operates, franchises, and licenses Bad Daddy's Burger Bar, a full-service upscale casual dining restaurant.