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

StockNews.com started 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 Stock Performance

Shares of NASDAQ GTIM opened at $2.42 on Tuesday. 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 $2.28 and a 12 month high of $3.45. The company has a 50 day simple moving average of $2.48 and a two-hundred day simple moving average of $2.65. The stock has a market cap of $25.75 million, a price-to-earnings ratio of 11.00 and a beta of 1.90.

Good Times Restaurants (NASDAQ:GTIM) last posted its earnings results 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%.

Hedge Funds Weigh In On Good Times Restaurants

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Good Times Restaurants by 11.6% in the 3rd quarter. Geode Capital Management LLC now owns 90,947 shares of the restaurant operator’s stock worth $247,000 after acquiring an additional 9,459 shares in the last quarter. Arcadia Wealth Management Inc. purchased a new stake in Good Times Restaurants in the 4th quarter worth $129,000. Finally, Dimensional Fund Advisors LP increased its holdings in Good Times Restaurants by 5.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 85,760 shares of the restaurant operator’s stock worth $222,000 after acquiring an additional 4,754 shares in the last quarter. 12.06% of the stock is owned by hedge funds and other 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.