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

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

Good Times Restaurants Trading Down 2.3 %

Shares of Good Times Restaurants stock opened at $2.53 on Tuesday. The firm has a 50-day moving average of $2.49 and a 200-day moving average of $2.55. The stock has a market cap of $28.31 million, a PE ratio of 2.84 and a beta of 1.80. Good Times Restaurants has a 52-week low of $2.15 and a 52-week high of $3.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.36 and a current ratio of 0.45.

Good Times Restaurants (NASDAQ:GTIM) last announced its earnings results on Wednesday, January 31st. The restaurant operator reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $33.13 million during the quarter. Good Times Restaurants had a net margin of 7.73% and a return on equity of 2.13%.

Institutional Investors Weigh In On Good Times Restaurants

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Good Times Restaurants by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 417,076 shares of the restaurant operator’s stock worth $1,059,000 after purchasing an additional 6,215 shares during the period. Citadel Advisors LLC bought a new stake in Good Times Restaurants during the third quarter worth about $69,000. Finally, Dimensional Fund Advisors LP lifted its position 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 worth $48,000 after purchasing an additional 7,918 shares during the period. Institutional investors own 12.06% 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. 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.