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

StockNews.com started coverage on shares of Good Times Restaurants (NASDAQ:GTIMGet Rating) in a note issued to investors on Monday. The brokerage set a “strong-buy” rating on the restaurant operator’s stock.

Separately, TheStreet cut Good Times Restaurants from a “c” rating to a “d+” rating in a research report on Friday, August 26th.

Good Times Restaurants Stock Performance

Shares of NASDAQ GTIM opened at $2.41 on Monday. The stock has a market cap of $29.79 million, a PE ratio of 14.18 and a beta of 1.85. Good Times Restaurants has a fifty-two week low of $2.02 and a fifty-two week high of $4.96. The stock has a fifty day moving average of $2.35 and a 200-day moving average of $2.75.

Hedge Funds Weigh In On Good Times Restaurants

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in Good Times Restaurants by 56.6% during the third quarter. Dimensional Fund Advisors LP now owns 21,909 shares of the restaurant operator’s stock worth $48,000 after buying an additional 7,918 shares in the last quarter. Citadel Advisors LLC purchased a new position in Good Times Restaurants during the third quarter worth about $69,000. Finally, Vanguard Group Inc. grew its position in Good Times Restaurants by 2.2% during the third quarter. Vanguard Group Inc. now owns 393,683 shares of the restaurant operator’s stock worth $854,000 after buying an additional 8,371 shares in the last quarter. 14.19% of the stock is currently owned by hedge funds and other institutional investors.

About Good Times Restaurants

(Get Rating)

Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. The company 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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