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

StockNews.com assumed coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a research report released on Monday. The brokerage issued a strong-buy rating on the restaurant operator’s stock.

Good Times Restaurants Stock Performance

Shares of Good Times Restaurants stock opened at $2.41 on Monday. The stock’s fifty day moving average is $2.49 and its two-hundred day moving average is $2.67. The company has a market capitalization of $25.64 million, a PE ratio of 10.96 and a beta of 1.90. The company has a quick ratio of 0.33, a current ratio of 0.42 and a debt-to-equity ratio of 0.08. Good Times Restaurants has a 52 week low of $2.28 and a 52 week high of $3.45.

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

Institutional Investors Weigh In On Good Times Restaurants

A number of hedge funds have recently made changes to their positions in GTIM. Arcadia Wealth Management Inc. purchased a new stake in Good Times Restaurants in the fourth quarter valued at about $129,000. Dimensional Fund Advisors LP raised 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, Geode Capital Management LLC raised 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. 12.06% of the stock is currently owned by hedge funds and other 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.