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

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

Good Times Restaurants Trading Down 3.2 %

NASDAQ:GTIM opened at $2.44 on Tuesday. The company has a current ratio of 0.45, a quick ratio of 0.36 and a debt-to-equity ratio of 0.04. Good Times Restaurants has a 1-year low of $2.15 and a 1-year high of $3.57. The firm has a market capitalization of $27.30 million, a price-to-earnings ratio of 2.74 and a beta of 1.80. The business’s 50-day moving average price is $2.50 and its two-hundred day moving average price is $2.55.

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

Hedge Funds Weigh In On Good Times Restaurants

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Good Times Restaurants by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 417,076 shares of the restaurant operator’s stock valued at $1,059,000 after buying an additional 6,215 shares in the last quarter. Citadel Advisors LLC bought a new position in Good Times Restaurants during the third quarter worth about $69,000. Finally, Dimensional Fund Advisors LP grew its stake in Good Times Restaurants by 56.6% in the third quarter. Dimensional Fund Advisors LP now owns 21,909 shares of the restaurant operator’s stock valued at $48,000 after acquiring an additional 7,918 shares during the period. 12.06% of the stock is owned by 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.