Good Times Restaurants (NASDAQ:GTIM) Coverage Initiated by Analysts at StockNews.com

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

Good Times Restaurants Price Performance

NASDAQ:GTIM opened at $2.46 on Tuesday. Good Times Restaurants has a one year low of $2.28 and a one year high of $3.45. The company has a market cap of $26.18 million, a P/E ratio of 11.18 and a beta of 1.90. The firm’s fifty day moving average price is $2.48 and its two-hundred day moving average price is $2.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.42 and a quick ratio of 0.33.

Good Times Restaurants (NASDAQ:GTIM) last announced its earnings results on Thursday, February 6th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter. Good Times Restaurants had a net margin of 1.60% and a return on equity of 7.11%.

Institutional Investors Weigh In On Good Times Restaurants

A number of institutional investors have recently modified their holdings of the business. Arcadia Wealth Management Inc. bought a new stake in shares of Good Times Restaurants in the fourth quarter valued at about $129,000. Dimensional Fund Advisors LP boosted its position in shares of Good Times Restaurants by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 85,760 shares of the restaurant operator’s stock valued at $222,000 after acquiring an additional 4,754 shares during the period. Finally, Geode Capital Management LLC lifted its position in 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 during the period. Institutional investors own 12.06% of the company’s stock.

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.