Good Times Restaurants (NASDAQ:GTIM) Earns Strong-Buy Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a report issued on Wednesday. The brokerage set a “strong-buy” rating on the restaurant operator’s stock.

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

Good Times Restaurants Stock Performance

Shares of GTIM stock opened at $2.55 on Wednesday. The stock’s 50 day simple moving average is $2.82 and its 200 day simple moving average is $2.92. Good Times Restaurants has a twelve month low of $2.15 and a twelve month high of $3.57. The company has a market capitalization of $29.48 million, a price-to-earnings ratio of 3.00 and a beta of 2.02.

Institutional Trading of Good Times Restaurants

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Good Times Restaurants by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 393,683 shares of the restaurant operator’s stock valued at $854,000 after buying an additional 8,371 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Good Times Restaurants in the 3rd quarter valued at $69,000. EA Series Trust acquired a new stake in Good Times Restaurants in the 2nd quarter valued at $89,000. Finally, Dimensional Fund Advisors LP raised its position in Good Times Restaurants by 56.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 21,909 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 7,918 shares during the last quarter. Institutional investors and hedge funds own 12.86% 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. 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.