StockNews.com initiated coverage on shares of Good Times Restaurants (NASDAQ:GTIM – Get Rating) in a report released on Sunday. The brokerage set a “strong-buy” rating on the restaurant operator’s stock.
Separately, TheStreet upgraded shares of Good Times Restaurants from a “d+” rating to a “b-” rating in a report on Friday, June 2nd.
Good Times Restaurants Price Performance
Shares of GTIM stock opened at $3.33 on Friday. The company has a fifty day moving average price of $2.84 and a two-hundred day moving average price of $2.73. The stock has a market cap of $39.03 million, a P/E ratio of 4.06 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.
Institutional Investors Weigh In On Good Times Restaurants
Several institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in 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 buying an additional 7,918 shares during the period. Vanguard Group Inc. lifted its position in 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 purchasing an additional 8,371 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in Good Times Restaurants in the 3rd quarter worth approximately $69,000. 11.91% of the stock is owned by hedge funds and other institutional investors.
Good Times Restaurants Company Profile
Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. The company 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.
Further Reading
- Get a free research report on Good Times Restaurants from StockNews.com
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