Good Times Restaurants (NASDAQ:GTIM) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Good Times Restaurants (NASDAQ:GTIMGet Rating) in a research note issued to investors on Monday morning. The brokerage issued a strong-buy rating on the restaurant operator’s stock.

Separately, TheStreet cut Good Times Restaurants from a c rating to a d+ rating in a report on Friday, August 26th.

Good Times Restaurants Trading Up 3.7 %

Shares of GTIM stock opened at $2.60 on Monday. Good Times Restaurants has a 12-month low of $2.02 and a 12-month high of $4.96. The stock’s 50-day moving average price is $2.33 and its 200-day moving average price is $2.74. The stock has a market capitalization of $32.18 million, a price-to-earnings ratio of 15.32 and a beta of 1.85.

Institutional Investors Weigh In On Good Times Restaurants

Several large investors have recently added to or reduced their stakes in GTIM. Dimensional Fund Advisors LP increased 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 worth $48,000 after acquiring an additional 7,918 shares during the last quarter. Citadel Advisors LLC bought a new stake in Good Times Restaurants during the third quarter worth approximately $69,000. Finally, Vanguard Group Inc. increased its stake 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 worth $854,000 after acquiring an additional 8,371 shares during the last quarter. 14.19% of the stock is owned by institutional investors.

Good Times Restaurants Company Profile

(Get Rating)

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.

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