Good Times Restaurants (NASDAQ:GTIM) Now Covered by StockNews.com

StockNews.com began coverage on shares of Good Times Restaurants (NASDAQ:GTIMGet Rating) in a research report issued to clients and investors on Monday. The brokerage set a “strong-buy” rating on the restaurant operator’s stock.

Separately, TheStreet lowered shares of Good Times Restaurants from a “b-” rating to a “c+” rating in a report on Friday, February 4th.

Shares of Good Times Restaurants stock opened at $3.41 on Monday. The company has a market cap of $42.76 million, a P/E ratio of 2.71 and a beta of 2.11. The firm has a 50-day simple moving average of $4.00 and a two-hundred day simple moving average of $4.46. Good Times Restaurants has a fifty-two week low of $3.29 and a fifty-two week high of $5.79.

Good Times Restaurants (NASDAQ:GTIMGet Rating) last announced its quarterly earnings results on Thursday, February 3rd. The restaurant operator reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $32.92 million during the quarter. Good Times Restaurants had a net margin of 12.59% and a return on equity of 25.32%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC bought a new stake in Good Times Restaurants during the 3rd quarter valued at $813,000. Diligent Investors LLC acquired a new stake in Good Times Restaurants during the 4th quarter worth about $216,000. Covalent Partners LLC acquired a new stake in shares of Good Times Restaurants during the 4th quarter valued at about $197,000. Verdad Advisers LP raised its holdings in shares of Good Times Restaurants by 15.6% during the 4th quarter. Verdad Advisers LP now owns 333,954 shares of the restaurant operator’s stock valued at $1,449,000 after purchasing an additional 45,000 shares in the last quarter. Finally, MTM Investment Management LLC acquired a new stake in Good Times Restaurants in the 4th quarter worth approximately $91,000. 14.93% of the stock is owned by institutional investors and hedge funds.

Good Times Restaurants Company Profile (Get Rating)

Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. The company 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.

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