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

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

Good Times Restaurants Price Performance

NASDAQ GTIM opened at $2.46 on Tuesday. 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 12-month low of $2.28 and a 12-month high of $3.45. The company has a market capitalization of $26.18 million, a PE ratio of 11.18 and a beta of 1.90. The firm’s 50 day moving average is $2.48 and its 200-day moving average is $2.65.

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

Hedge Funds Weigh In On Good Times Restaurants

A number of institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in 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 buying an additional 4,754 shares during the last quarter. Geode Capital Management LLC increased its holdings in Good Times Restaurants by 11.6% during the third quarter. Geode Capital Management LLC now owns 90,947 shares of the restaurant operator’s stock worth $247,000 after buying an additional 9,459 shares during the last quarter. Finally, Arcadia Wealth Management Inc. acquired a new position in Good Times Restaurants during the fourth quarter worth $129,000. 12.06% of the stock is currently owned by institutional investors and hedge funds.

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.