Good Times Restaurants (NASDAQ:GTIM) Now Covered by Analysts at StockNews.com

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

Good Times Restaurants Stock Performance

Shares of GTIM stock opened at $2.05 on Friday. The company has a fifty day moving average price of $2.39 and a two-hundred day moving average price of $2.57. Good Times Restaurants has a one year low of $1.85 and a one year high of $3.45. The stock has a market cap of $21.81 million, a P/E ratio of 9.32 and a beta of 1.52. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.42 and a quick ratio of 0.33.

Good Times Restaurants (NASDAQ:GTIM) last issued its earnings results on Thursday, February 6th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter. Good Times Restaurants had a net margin of 1.60% and a return on equity of 7.11%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in Good Times Restaurants by 11.6% during the third quarter. Geode Capital Management LLC now owns 90,947 shares of the restaurant operator’s stock worth $247,000 after purchasing an additional 9,459 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Good Times Restaurants by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 85,760 shares of the restaurant operator’s stock valued at $222,000 after purchasing an additional 4,754 shares during the period. Finally, Arcadia Wealth Management Inc. acquired a new stake in shares of Good Times Restaurants during the 4th quarter worth about $129,000. 12.06% of the stock is owned by institutional investors and hedge funds.

Good Times Restaurants Company Profile

Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. It 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.