Good Times Restaurants (NASDAQ:GTIM) Now Covered by Analysts at StockNews.com

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

Good Times Restaurants Price Performance

Shares of NASDAQ GTIM opened at $2.47 on Tuesday. Good Times Restaurants has a twelve month low of $2.15 and a twelve month high of $3.57. The company has a current ratio of 0.45, a quick ratio of 0.36 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $27.64 million, a price-to-earnings ratio of 2.78 and a beta of 1.80. The business has a 50 day simple moving average of $2.49 and a 200-day simple moving average of $2.55.

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

Institutional Investors Weigh In On Good Times Restaurants

A number of institutional investors have recently made changes to their positions in GTIM. Dimensional Fund Advisors LP boosted its position in Good Times Restaurants by 56.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 21,909 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 7,918 shares during the period. Citadel Advisors LLC acquired a new position in Good Times Restaurants during the 3rd quarter valued at approximately $69,000. Finally, Vanguard Group Inc. boosted its position in Good Times Restaurants by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 393,683 shares of the restaurant operator’s stock valued at $854,000 after purchasing an additional 8,371 shares during the period. 12.06% of the stock is currently 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.