Good Times Restaurants (NASDAQ:GTIM) Coverage Initiated at StockNews.com

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

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

Good Times Restaurants Trading Down 1.5 %

GTIM opened at $2.55 on Thursday. The stock has a market cap of $29.48 million, a price-to-earnings ratio of 3.00 and a beta of 2.02. Good Times Restaurants has a 1 year low of $2.15 and a 1 year high of $3.57. The stock has a fifty day moving average price of $2.79 and a 200 day moving average price of $2.92.

Hedge Funds Weigh In On Good Times Restaurants

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in Good Times Restaurants by 56.6% during the third 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 in the last quarter. EA Series Trust acquired a new stake in Good Times Restaurants during the second quarter valued at approximately $89,000. Citadel Advisors LLC acquired a new stake in Good Times Restaurants during the third quarter valued at approximately $69,000. Finally, Vanguard Group Inc. boosted its holdings in Good Times Restaurants by 2.2% during the third quarter. Vanguard Group Inc. now owns 393,683 shares of the restaurant operator’s stock valued at $854,000 after purchasing an additional 8,371 shares in the last quarter. 12.86% of the stock is currently owned by institutional investors.

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.