StockNews.com Begins Coverage on Good Times Restaurants (NASDAQ:GTIM)

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

Good Times Restaurants Price Performance

GTIM stock opened at $2.45 on Tuesday. The stock has a market cap of $26.07 million, a price-to-earnings ratio of 11.14 and a beta of 1.90. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.42 and a quick ratio of 0.33. The company has a 50 day simple moving average of $2.48 and a 200 day simple moving average of $2.65. Good Times Restaurants has a 1 year low of $2.28 and a 1 year high of $3.45.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Arcadia Wealth Management Inc. bought a new stake in Good Times Restaurants during the 4th quarter worth approximately $129,000. Dimensional Fund Advisors LP lifted its holdings in shares of Good Times Restaurants by 5.9% during 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 period. Finally, Geode Capital Management LLC grew 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 worth $247,000 after purchasing an additional 9,459 shares during the last quarter. 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.