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

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

Good Times Restaurants Trading Up 1.7 %

NASDAQ:GTIM opened at $2.40 on Wednesday. The company has a market cap of $25.54 million, a PE ratio of 10.91 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. The company has a 50 day simple moving average of $2.47 and a two-hundred day simple moving average of $2.63. Good Times Restaurants has a 12 month low of $2.25 and a 12 month high of $3.45.

Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings data 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%.

Hedge Funds Weigh In On Good Times Restaurants

Institutional investors and hedge funds have recently made changes to their positions in the business. Arcadia Wealth Management Inc. purchased a new stake in Good Times Restaurants during the fourth quarter valued at approximately $129,000. Dimensional Fund Advisors LP raised its holdings in Good Times Restaurants by 5.9% in the 4th 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 raised its holdings in Good Times Restaurants by 11.6% in the 3rd 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 period. Hedge funds and other institutional investors own 12.06% of the company’s stock.

Good Times Restaurants Company Profile

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.