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

Investment analysts at StockNews.com began coverage on shares of Good Times Restaurants (NASDAQ:GTIMGet Free Report) 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:GTIMGet Free Report) 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

(Get Free Report)

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.

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