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

Posted by Trevor Kearing on Mar 26th, 2024

StockNews.com initiated coverage on shares of Good Times Restaurants (NASDAQ:GTIM – Free Report) in a research note released on Saturday. The firm issued a strong-buy rating on the restaurant operator’s stock.

Good Times Restaurants Stock Down 4.6 %

Good Times Restaurants stock opened at $2.47 on Friday. Good Times Restaurants has a 12 month low of $2.15 and a 12 month high of $3.57. The stock has a fifty day simple moving average of $2.49 and a two-hundred day simple moving average of $2.59. The firm has a market cap of $27.64 million, a price-to-earnings ratio of 2.78 and a beta of 1.79. 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 (NASDAQ:GTIM – Get Free Report) last announced its earnings results on Wednesday, January 31st. The restaurant operator reported ($0.05) earnings per share for the quarter. The company had revenue of $33.13 million for the quarter. Good Times Restaurants had a net margin of 7.73% and a return on equity of 2.13%.

Institutional Trading of Good Times Restaurants

Hedge funds and other institutional investors have recently modified their holdings of the company. Citadel Advisors LLC bought a new position in shares of Good Times Restaurants in the third quarter worth about $69,000. Vanguard Group Inc. raised its stake in Good Times Restaurants by 3.1% during the third quarter. Vanguard Group Inc. now owns 410,861 shares of the restaurant operator’s stock valued at $1,224,000 after purchasing an additional 12,527 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings 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 valued at $48,000 after acquiring an additional 7,918 shares during the last quarter. 12.06% of the stock is owned by hedge funds and other institutional investors.

About Good Times Restaurants

(Get Free Report)

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.