Good Times Restaurants (NASDAQ:GTIM) Research Coverage Started at StockNews.com

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

Good Times Restaurants Price Performance

Shares of Good Times Restaurants stock opened at $2.45 on Wednesday. The firm has a market capitalization of $26.07 million, a PE ratio of 11.14 and a beta of 1.90. The company has a current ratio of 0.42, a quick ratio of 0.33 and a debt-to-equity ratio of 0.08. Good Times Restaurants has a 12 month low of $2.25 and a 12 month high of $3.45. The business’s 50-day moving average price is $2.47 and its 200-day moving average price is $2.62.

Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $0.02 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 Inflows and Outflows

Large investors have recently modified their holdings of the stock. Arcadia Wealth Management Inc. purchased a new stake in Good Times Restaurants during the 4th quarter valued at about $129,000. Dimensional Fund Advisors LP boosted 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 purchasing an additional 4,754 shares during the period. Finally, Geode Capital Management LLC boosted 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 valued at $247,000 after purchasing an additional 9,459 shares during the period. 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.