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

StockNews.com started coverage on shares of Good Times Restaurants (NASDAQ:GTIMFree Report) in a research report released on Saturday morning. The brokerage issued a strong-buy rating on the restaurant operator’s stock.

Good Times Restaurants Stock Performance

Shares of GTIM opened at $2.55 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.35 and a current ratio of 0.44. The company has a market capitalization of $28.71 million, a price-to-earnings ratio of 2.74 and a beta of 1.78. The company’s 50 day simple moving average is $2.50 and its 200 day simple moving average is $2.72. Good Times Restaurants has a 1 year low of $2.15 and a 1 year high of $3.57.

Good Times Restaurants (NASDAQ:GTIMGet Free Report) last issued its quarterly earnings results on Thursday, December 14th. The restaurant operator reported ($0.02) EPS for the quarter. Good Times Restaurants had a return on equity of 3.57% and a net margin of 8.03%. The company had revenue of $34.32 million for the quarter.

Institutional Trading of Good Times Restaurants

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Good Times Restaurants by 3.1% in the third quarter. Vanguard Group Inc. now owns 410,861 shares of the restaurant operator’s stock worth $1,224,000 after purchasing an additional 12,527 shares during the period. Citadel Advisors LLC acquired a new position in shares of Good Times Restaurants in the third quarter worth about $69,000. EA Series Trust acquired a new position in shares of Good Times Restaurants in the second quarter worth about $89,000. Finally, Dimensional Fund Advisors LP boosted its position in Good Times Restaurants by 56.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 21,909 shares of the restaurant operator’s stock worth $48,000 after acquiring an additional 7,918 shares during the period. 12.86% of the stock is currently owned by institutional investors and hedge funds.

Good Times Restaurants Company Profile

(Get Free Report)

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.

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