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

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

Good Times Restaurants Stock Down 8.1 %

Good Times Restaurants stock opened at $2.05 on Thursday. The firm has a 50 day simple moving average of $2.45 and a 200 day simple moving average of $2.60. 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 1-year low of $2.05 and a 1-year high of $3.45. The firm has a market capitalization of $21.81 million, a price-to-earnings ratio of 9.32 and a beta of 1.90.

Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly 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

Large investors have recently added to or reduced their stakes in the business. Arcadia Wealth Management Inc. purchased a new stake in shares of Good Times Restaurants in the 4th quarter valued at about $129,000. Dimensional Fund Advisors LP raised its stake in 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 purchasing an additional 4,754 shares in the last quarter. 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 valued at $247,000 after purchasing an additional 9,459 shares during the last quarter. 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.