Equities research analysts at StockNews.com assumed coverage on shares of Good Times Restaurants (NASDAQ:GTIM – Get Free Report) 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
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.
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