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

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

Good Times Restaurants Stock Performance

Shares of GTIM stock opened at $1.66 on Tuesday. The business’s 50 day simple moving average is $2.10 and its 200 day simple moving average is $2.41. Good Times Restaurants has a one year low of $1.59 and a one year high of $3.45. The stock has a market capitalization of $17.66 million, a PE ratio of 7.55 and a beta of 1.37. 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, May 8th. The restaurant operator reported ($0.01) EPS 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

Several institutional investors have recently added to or reduced their stakes in GTIM. Arcadia Wealth Management Inc. acquired a new position in Good Times Restaurants in the fourth quarter valued at approximately $129,000. Dimensional Fund Advisors LP lifted 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 buying an additional 4,754 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Good Times Restaurants by 11.6% in the third quarter. Geode Capital Management LLC now owns 90,947 shares of the restaurant operator’s stock valued at $247,000 after buying an additional 9,459 shares during the period. 12.06% of the stock is owned by institutional investors and hedge funds.

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.