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

Stock analysts at StockNews.com began coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a research note issued on Monday. The firm set a “strong-buy” rating on the restaurant operator’s stock.

Good Times Restaurants Stock Up 2.8 %

Shares of Good Times Restaurants stock opened at $2.54 on Monday. The stock’s 50-day moving average is $2.49 and its 200 day moving average is $2.57. Good Times Restaurants has a one year low of $2.15 and a one year high of $3.57. The firm has a market cap of $28.42 million, a price-to-earnings ratio of 2.85 and a beta of 1.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.45 and a quick ratio of 0.36.

Good Times Restaurants (NASDAQ:GTIM) last posted its quarterly earnings results on Wednesday, January 31st. The restaurant operator reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $33.13 million for the quarter. Good Times Restaurants had a return on equity of 2.13% and a net margin of 7.73%.

Hedge Funds Weigh In On Good Times Restaurants

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Good Times Restaurants by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 410,861 shares of the restaurant operator’s stock worth $1,224,000 after buying an additional 12,527 shares during the period. Citadel Advisors LLC acquired a new position in shares of Good Times Restaurants during the third quarter worth approximately $69,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Good Times Restaurants by 56.6% during the third quarter. Dimensional Fund Advisors LP now owns 21,909 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 7,918 shares during the period. 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.