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

Posted by Latisha Jones on Apr 19th, 2024

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

Good Times Restaurants Stock Performance

Shares of GTIM opened at $2.54 on Tuesday. 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 stock has a market capitalization of $28.42 million, a P/E ratio of 2.85 and a beta of 1.80. The firm’s fifty day simple moving average is $2.50 and its two-hundred day simple moving average is $2.55. Good Times Restaurants has a 12 month low of $2.15 and a 12 month high of $3.57.

Good Times Restaurants (NASDAQ:GTIM – Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The restaurant operator reported ($0.05) EPS for the quarter. The firm 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%.

Hedge Funds Weigh In On Good Times Restaurants

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of 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 worth $48,000 after purchasing an additional 7,918 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Good Times Restaurants during the 3rd quarter worth about $69,000. Finally, Vanguard Group Inc. boosted its position in shares of Good Times Restaurants by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 393,683 shares of the restaurant operator’s stock worth $854,000 after purchasing an additional 8,371 shares in the last quarter. Institutional investors own 12.06% of the company’s stock.

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.