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

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

Good Times Restaurants Stock Performance

Shares of GTIM stock opened at $2.51 on Tuesday. The company has a market cap of $29.86 million, a P/E ratio of -83.64 and a beta of 1.86. The stock has a 50 day simple moving average of $2.51 and a two-hundred day simple moving average of $2.64. Good Times Restaurants has a fifty-two week low of $2.02 and a fifty-two week high of $4.71.

Good Times Restaurants (NASDAQ:GTIM – Get Rating) last issued its earnings results on Thursday, December 15th. The restaurant operator reported $0.01 earnings per share for the quarter. The business had revenue of $35.19 million during the quarter. Good Times Restaurants had a negative return on equity of 3.24% and a negative net margin of 1.91%.

Institutional Investors Weigh In On Good Times Restaurants

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Good Times Restaurants by 2.2% during the third quarter. Vanguard Group Inc. now owns 393,683 shares of the restaurant operator’s stock valued at $854,000 after acquiring an additional 8,371 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Good Times Restaurants during the third quarter valued at approximately $69,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of 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 valued at $48,000 after acquiring an additional 7,918 shares in the last quarter. Institutional investors own 13.77% of the company’s stock.

Good Times Restaurants Company Profile

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Good Times Restaurants, Inc engages in restaurant operation through its wholly owned restaurants: Good Times Drive Thru, Inc, BD of Colorado, LLC, Bad Daddy’s Franchise Development, LLC, and Bad Daddy’s International, LLC. It operates under the Good Times Burgers and Frozen Custard, and Bad Daddy’s Burger Bar restaurant segments.