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

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

Good Times Restaurants Stock Down 2.7%

GTIM opened at $1.82 on Tuesday. Good Times Restaurants has a fifty-two week low of $1.80 and a fifty-two week high of $3.45. 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 company has a fifty day moving average of $2.13 and a two-hundred day moving average of $2.42. The stock has a market capitalization of $19.37 million, a price-to-earnings ratio of 8.27 and a beta of 1.37.

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

Institutional Trading of Good Times Restaurants

Institutional investors and hedge funds have recently modified their holdings of the stock. Arcadia Wealth Management Inc. purchased a new stake in shares of Good Times Restaurants during the fourth quarter worth about $129,000. Dimensional Fund Advisors LP increased 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 worth $222,000 after purchasing an additional 4,754 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of 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 purchasing an additional 9,459 shares in the last quarter. 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.