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

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

Good Times Restaurants Stock Down 2.4 %

GTIM stock opened at $2.45 on Monday. The stock has a market capitalization of $26.07 million, a P/E ratio of 11.14 and a beta of 1.90. The company has a current ratio of 0.42, a quick ratio of 0.33 and a debt-to-equity ratio of 0.08. Good Times Restaurants has a 12 month low of $2.34 and a 12 month high of $3.45. The firm has a 50-day moving average price of $2.50 and a 200-day moving average price of $2.68.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of 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 valued at $247,000 after buying an additional 9,459 shares during the period. Dimensional Fund Advisors LP increased 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 valued at $222,000 after buying an additional 4,754 shares during the period. Finally, Arcadia Wealth Management Inc. acquired a new position 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.