EA Series Trust Makes New Investment in Good Times Restaurants Inc. (NASDAQ:GTIM)

Posted by Defense World Staff on Oct 25th, 2023

EA Series Trust bought a new position in Good Times Restaurants Inc. (NASDAQ:GTIM – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 26,138 shares of the restaurant operator’s stock, valued at approximately $89,000. EA Series Trust owned approximately 0.22% of Good Times Restaurants at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake 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 worth $854,000 after purchasing an additional 8,371 shares in the last quarter. Citadel Advisors LLC purchased a new position in Good Times Restaurants in the 3rd quarter worth approximately $69,000. Finally, Dimensional Fund Advisors LP raised 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 valued at $48,000 after buying an additional 7,918 shares during the period. 12.86% of the stock is owned by hedge funds and other institutional investors.

Good Times Restaurants Stock Performance

GTIM stock opened at $2.73 on Wednesday. Good Times Restaurants Inc. has a one year low of $2.02 and a one year high of $3.57. The firm’s 50 day moving average price is $2.79 and its 200-day moving average price is $2.92. The firm has a market cap of $31.56 million, a PE ratio of 3.21 and a beta of 1.96.

Good Times Restaurants (NASDAQ:GTIM – Get Free Report) last posted its earnings results on Thursday, August 3rd. The restaurant operator reported $0.07 earnings per share for the quarter. Good Times Restaurants had a net margin of 7.23% and a return on equity of 4.85%. The firm had revenue of $35.62 million during the quarter.

Analyst Upgrades and Downgrades

GTIM has been the topic of several analyst reports. StockNews.com initiated coverage on shares of Good Times Restaurants in a research report on Monday. They set a “strong-buy” rating on the stock. TheStreet lowered shares of Good Times Restaurants from a “b-” rating to a “c” rating in a research report on Friday, August 4th.

Read Our Latest Stock Report on GTIM

Good Times Restaurants Profile

(Free Report)

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.