StockNews.com Initiates Coverage on Good Times Restaurants (NASDAQ:GTIM)

Equities research analysts at StockNews.com began coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a report issued on Sunday. The brokerage set a “strong-buy” rating on the restaurant operator’s stock.

Good Times Restaurants Price Performance

Shares of GTIM stock opened at $1.86 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.42 and a debt-to-equity ratio of 0.08. Good Times Restaurants has a twelve month low of $1.82 and a twelve month high of $3.45. The company has a market cap of $19.79 million, a P/E ratio of 8.45 and a beta of 1.52. The business has a fifty day simple moving average of $2.26 and a 200 day simple moving average of $2.49.

Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly earnings data 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%.

Hedge Funds Weigh In On Good Times Restaurants

Several large investors have recently bought and sold shares of GTIM. Arcadia Wealth Management Inc. bought a new position in Good Times Restaurants in the fourth quarter valued at about $129,000. Dimensional Fund Advisors LP raised its position in shares of Good Times Restaurants by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 85,760 shares of the restaurant operator’s stock worth $222,000 after acquiring an additional 4,754 shares during the last quarter. Finally, Geode Capital Management LLC raised its position 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 worth $247,000 after acquiring an additional 9,459 shares during the last quarter. 12.06% of the stock is currently owned by institutional investors.

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.