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

Analysts at StockNews.com initiated coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a report released on Wednesday. The brokerage set a “strong-buy” rating on the restaurant operator’s stock.

Good Times Restaurants Price Performance

GTIM opened at $2.40 on Wednesday. The company has a current ratio of 0.42, a quick ratio of 0.33 and a debt-to-equity ratio of 0.08. The company has a market cap of $25.54 million, a price-to-earnings ratio of 10.91 and a beta of 1.90. The stock has a fifty day simple moving average of $2.47 and a two-hundred day simple moving average of $2.63. Good Times Restaurants has a 12-month low of $2.25 and a 12-month high of $3.45.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of 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 valued at $247,000 after buying an additional 9,459 shares during the last quarter. Arcadia Wealth Management Inc. bought a new position in Good Times Restaurants in the 4th quarter valued at approximately $129,000. Finally, Dimensional Fund Advisors LP boosted its stake 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. 12.06% of the stock is owned by hedge funds and other institutional investors.

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.