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

Investment analysts at StockNews.com began coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a research report issued on Thursday. The firm set a “strong-buy” rating on the restaurant operator’s stock.

Good Times Restaurants Price Performance

Good Times Restaurants stock opened at $2.05 on Thursday. The business’s fifty day moving average is $2.45 and its two-hundred day moving average is $2.60. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.33 and a current ratio of 0.42. The firm has a market cap of $21.81 million, a P/E ratio of 9.32 and a beta of 1.90. Good Times Restaurants has a 52 week low of $2.05 and a 52 week high of $3.45.

Good Times Restaurants (NASDAQ:GTIM) last issued 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 net margin of 1.60% and a return on equity of 7.11%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GTIM. Geode Capital Management LLC boosted its position 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 valued at $247,000 after buying an additional 9,459 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake 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 valued at $222,000 after acquiring an additional 4,754 shares during the period. Finally, Arcadia Wealth Management Inc. bought a new position in Good Times Restaurants in the fourth quarter valued at about $129,000. Institutional investors own 12.06% of the company’s stock.

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.