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

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

Good Times Restaurants Trading Down 2.6 %

NASDAQ GTIM opened at $1.86 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.42 and a quick ratio of 0.33. Good Times Restaurants has a one year low of $1.82 and a one year high of $3.45. The business has a 50 day simple moving average of $2.26 and a 200 day simple moving average of $2.49. The stock has a market capitalization of $19.79 million, a P/E ratio of 8.45 and a beta of 1.52.

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

Hedge Funds Weigh In On Good Times Restaurants

Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in Good Times Restaurants by 11.6% in the third quarter. Geode Capital Management LLC now owns 90,947 shares of the restaurant operator’s stock worth $247,000 after buying an additional 9,459 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of 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 worth $222,000 after purchasing an additional 4,754 shares during the last quarter. Finally, Arcadia Wealth Management Inc. purchased a new position in shares of Good Times Restaurants in the fourth quarter worth $129,000. 12.06% of the stock is owned by institutional investors.

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.