StockNews.com Initiates Coverage on Good Times Restaurants (NASDAQ:GTIM)

StockNews.com initiated coverage on shares of Good Times Restaurants (NASDAQ:GTIM – Get Rating) in a report released on Tuesday. The firm set a “strong-buy” rating on the restaurant operator’s stock.

Good Times Restaurants Price Performance

GTIM stock opened at $2.51 on Tuesday. The stock has a market capitalization of $29.86 million, a price-to-earnings ratio of -83.64 and a beta of 1.86. The business’s fifty day moving average price is $2.51 and its two-hundred day moving average price is $2.64. Good Times Restaurants has a fifty-two week low of $2.02 and a fifty-two week high of $4.71.

Good Times Restaurants (NASDAQ:GTIM – Get Rating) last issued its quarterly earnings results on Thursday, December 15th. The restaurant operator reported $0.01 EPS for the quarter. Good Times Restaurants had a negative return on equity of 3.24% and a negative net margin of 1.91%. The company had revenue of $35.19 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Good Times Restaurants by 2.2% in the third quarter. Vanguard Group Inc. now owns 393,683 shares of the restaurant operator’s stock worth $854,000 after purchasing an additional 8,371 shares during the period. Citadel Advisors LLC bought a new position in Good Times Restaurants in the third quarter valued at about $69,000. Finally, Dimensional Fund Advisors LP grew its position in Good Times Restaurants by 56.6% in the third quarter. Dimensional Fund Advisors LP now owns 21,909 shares of the restaurant operator’s stock valued at $48,000 after acquiring an additional 7,918 shares during the last quarter. Institutional investors own 13.77% of the company’s stock.

Good Times Restaurants Company Profile

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Good Times Restaurants, Inc engages in restaurant operation through its wholly owned restaurants: Good Times Drive Thru, Inc, BD of Colorado, LLC, Bad Daddy’s Franchise Development, LLC, and Bad Daddy’s International, LLC. It operates under the Good Times Burgers and Frozen Custard, and Bad Daddy’s Burger Bar restaurant segments.