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

StockNews.com assumed coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a report issued on Tuesday morning. The brokerage issued a strong-buy rating on the restaurant operator’s stock.

Good Times Restaurants Stock Down 3.2 %

Shares of NASDAQ:GTIM opened at $2.42 on Tuesday. Good Times Restaurants has a 52-week low of $2.28 and a 52-week high of $3.45. The company has a quick ratio of 0.33, a current ratio of 0.42 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average of $2.48 and a two-hundred day moving average of $2.65. The stock has a market cap of $25.75 million, a P/E ratio of 11.00 and a beta of 1.90.

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

Institutional Investors Weigh In On Good Times Restaurants

A number of institutional investors have recently modified their holdings of the company. Arcadia Wealth Management Inc. purchased a new stake in Good Times Restaurants during the fourth quarter worth about $129,000. Geode Capital Management LLC grew its holdings in shares of Good Times Restaurants by 11.6% in the third quarter. Geode Capital Management LLC now owns 90,947 shares of the restaurant operator’s stock valued at $247,000 after purchasing an additional 9,459 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings 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 in the last quarter. 12.06% of the stock is owned by institutional investors and hedge funds.

About Good Times Restaurants

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.