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

StockNews.com assumed coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a report released on Thursday. The brokerage issued a strong-buy rating on the restaurant operator’s stock.

Good Times Restaurants Trading Down 8.1 %

GTIM stock opened at $2.05 on Thursday. The company has a market capitalization of $21.81 million, a PE ratio of 9.32 and a beta of 1.90. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.33 and a current ratio of 0.42. Good Times Restaurants has a one year low of $2.05 and a one year high of $3.45. The company’s 50 day moving average price is $2.45 and its two-hundred day moving average price is $2.60.

Good Times Restaurants (NASDAQ:GTIM) last issued its earnings results on Thursday, February 6th. The restaurant operator reported $0.02 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

Several hedge funds and other institutional investors have recently modified their holdings of GTIM. Dimensional Fund Advisors LP raised its position in 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 valued at $222,000 after purchasing an additional 4,754 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 valued at $247,000 after acquiring an additional 9,459 shares in the last quarter. Finally, Arcadia Wealth Management Inc. purchased a new stake in Good Times Restaurants in the fourth quarter worth $129,000. 12.06% of the stock is owned by institutional investors.

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.