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

Equities researchers at StockNews.com assumed coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a research note issued on Tuesday. The firm set a “strong-buy” rating on the restaurant operator’s stock.

Good Times Restaurants Stock Up 0.8 %

Shares of NASDAQ:GTIM opened at $2.49 on Tuesday. 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 has a 1 year low of $2.15 and a 1 year high of $3.57. The stock has a market capitalization of $27.86 million, a P/E ratio of 2.80 and a beta of 1.80. The stock has a 50-day simple moving average of $2.50 and a 200-day simple moving average of $2.55.

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

Hedge Funds Weigh In On Good Times Restaurants

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Good Times Restaurants by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 417,076 shares of the restaurant operator’s stock worth $1,059,000 after acquiring an additional 6,215 shares in the last quarter. Citadel Advisors LLC acquired a new position in Good Times Restaurants during the 3rd quarter worth approximately $69,000. Finally, Dimensional Fund Advisors LP lifted its position in Good Times Restaurants by 56.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 21,909 shares of the restaurant operator’s stock worth $48,000 after acquiring an additional 7,918 shares in the last quarter. 12.06% of the stock is owned by institutional investors and hedge funds.

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.