Acadian Asset Management LLC trimmed its position in Good Times Restaurants Inc. (NASDAQ:GTIM – Free Report) by 30.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,356 shares of the restaurant operator’s stock after selling 11,188 shares during the period. Acadian Asset Management LLC owned approximately 0.23% of Good Times Restaurants worth $63,000 at the end of the most recent quarter.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on Good Times Restaurants in a report on Sunday, September 15th. They issued a “strong-buy” rating on the stock.
Read Our Latest Research Report on GTIM
Good Times Restaurants Price Performance
Good Times Restaurants (NASDAQ:GTIM – Get Free Report) last released its earnings results on Thursday, August 1st. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $37.94 million for the quarter. Good Times Restaurants had a return on equity of 3.48% and a net margin of 0.80%.
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.
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