Good Times Restaurants (NASDAQ:GTIM) Earns Strong-Buy Rating from Analysts at StockNews.com

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

Good Times Restaurants Stock Performance

Shares of NASDAQ GTIM opened at $2.03 on Friday. The firm has a market capitalization of $21.60 million, a price-to-earnings ratio of 9.23 and a beta of 1.52. Good Times Restaurants has a one year low of $1.85 and a one year high of $3.45. The business has a fifty day simple moving average of $2.38 and a 200 day simple moving average of $2.56. The company has a current ratio of 0.42, a quick ratio of 0.33 and a debt-to-equity ratio of 0.08.

Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly earnings data 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 Trading of Good Times Restaurants

Several institutional investors have recently bought and sold shares of GTIM. Arcadia Wealth Management Inc. acquired a new stake in shares of Good Times Restaurants in the 4th quarter valued at $129,000. Dimensional Fund Advisors LP lifted its holdings in Good Times Restaurants by 5.9% during the 4th 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 last quarter. Finally, Geode Capital Management LLC boosted its position in 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 buying an additional 9,459 shares in the last quarter. Institutional investors and hedge funds own 12.06% of the company’s stock.

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.