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 – Get Rating) in a research note issued to investors on Wednesday. The firm set a “strong-buy” rating on the restaurant operator’s stock.

Good Times Restaurants Price Performance

NASDAQ GTIM opened at $2.78 on Wednesday. The firm has a market cap of $32.58 million, a PE ratio of 3.39 and a beta of 2.02. Good Times Restaurants has a one year low of $2.02 and a one year high of $3.94. The stock’s 50 day simple moving average is $2.66 and its 200 day simple moving average is $2.64.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Good Times Restaurants by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 393,683 shares of the restaurant operator’s stock valued at $854,000 after buying an additional 8,371 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Good Times Restaurants in the 3rd quarter worth $69,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Good Times Restaurants by 56.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 21,909 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 7,918 shares during the last quarter. 13.77% of the stock is currently owned by institutional investors.

About Good Times Restaurants

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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.