Good Times Restaurants (NASDAQ:GTIM) Receives New Coverage from Analysts at StockNews.com

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

Separately, TheStreet cut Good Times Restaurants from a “b-” rating to a “c+” rating in a research note on Friday, February 4th.

Shares of Good Times Restaurants stock opened at $2.75 on Friday. The business has a 50-day moving average of $3.27 and a 200 day moving average of $4.01. Good Times Restaurants has a 12 month low of $2.44 and a 12 month high of $5.79. The stock has a market capitalization of $34.34 million, a price-to-earnings ratio of 2.35 and a beta of 1.99.

Hedge funds and other institutional investors have recently modified their holdings of the company. Dorsey Wright & Associates acquired a new stake in shares of Good Times Restaurants during the 4th quarter worth about $49,000. Dimensional Fund Advisors LP acquired a new position in Good Times Restaurants during the third quarter worth approximately $59,000. MTM Investment Management LLC acquired a new position in Good Times Restaurants during the fourth quarter worth approximately $91,000. Covalent Partners LLC acquired a new position in Good Times Restaurants during the fourth quarter worth approximately $197,000. Finally, Diligent Investors LLC acquired a new position in Good Times Restaurants during the fourth quarter worth approximately $216,000. 14.97% of the stock is currently owned by institutional investors and hedge funds.

About Good Times Restaurants (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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