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

StockNews.com started coverage on shares of Good Times Restaurants (NASDAQ:GTIMFree Report) in a research note issued to investors on Thursday. The firm issued a strong-buy rating on the restaurant operator’s stock.

Good Times Restaurants Stock Down 5.5 %

NASDAQ:GTIM opened at $2.23 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.33 and a current ratio of 0.42. The stock has a market capitalization of $23.73 million, a P/E ratio of 10.14 and a beta of 1.90. The company’s 50-day simple moving average is $2.46 and its 200-day simple moving average is $2.61. Good Times Restaurants has a fifty-two week low of $2.14 and a fifty-two week high of $3.45.

Good Times Restaurants (NASDAQ:GTIMGet Free Report) last released its quarterly 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 Investors Weigh In On Good Times Restaurants

Institutional investors have recently added to or reduced their stakes in the business. Arcadia Wealth Management Inc. acquired a new position in shares of Good Times Restaurants during the fourth quarter valued at about $129,000. Dimensional Fund Advisors LP grew its position 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 worth $222,000 after purchasing an additional 4,754 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Good Times Restaurants by 11.6% during the 3rd 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 last quarter. Institutional investors and hedge funds own 12.06% of the company’s stock.

About Good Times Restaurants

(Get Free Report)

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.

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