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

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

Good Times Restaurants Stock Down 4.8 %

GTIM stock opened at $2.37 on Wednesday. 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 firm has a 50-day moving average of $2.48 and a two-hundred day moving average of $2.63. The company has a market cap of $25.22 million, a price-to-earnings ratio of 10.77 and a beta of 1.90. 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 released its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $0.02 earnings per share 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 bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Good Times Restaurants by 5.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 85,760 shares of the restaurant operator’s stock worth $222,000 after buying an additional 4,754 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Good Times Restaurants by 11.6% during 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. Finally, Arcadia Wealth Management Inc. acquired a new position in Good Times Restaurants in the fourth quarter valued at about $129,000. 12.06% of the stock is currently owned by institutional investors and hedge funds.

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.