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

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

Good Times Restaurants Stock Performance

Shares of GTIM opened at $1.69 on Tuesday. The stock has a 50 day moving average price of $2.11 and a 200 day moving average price of $2.42. The company has a quick ratio of 0.33, a current ratio of 0.42 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $17.98 million, a price-to-earnings ratio of 7.68 and a beta of 1.37. Good Times Restaurants has a 52-week low of $1.69 and a 52-week high of $3.45.

Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings data on Thursday, May 8th. The restaurant operator reported ($0.01) earnings per share for the quarter. Good Times Restaurants had a net margin of 1.60% and a return on equity of 7.11%.

Institutional Trading of Good Times Restaurants

A number of large investors have recently made changes to their positions in GTIM. Geode Capital Management LLC boosted its stake 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 buying an additional 9,459 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake 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 buying an additional 4,754 shares during the last quarter. Finally, Arcadia Wealth Management Inc. acquired a new stake in Good Times Restaurants in the 4th quarter worth about $129,000. Institutional investors and hedge funds 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.