Good Times Restaurants (NASDAQ:GTIM) research coverage has begun on StockNews.com
StockNews.com began covering stocks of Good Times Restaurants (NASDAQ:GTIM – Get a Rating) in a note released Tuesday to investors. The brokerage has established a “strong buy” rating on the restaurateur’s shares.
Separately, TheStreet upgraded Good Times Restaurants from a “b-” rating to a “c+” rating in a Friday, February 4 research report.
Shares of NASDAQ GTIM opened at $3.51 on Tuesday. The company has a market capitalization of $44.02 million, a price-earnings ratio of 2.79 and a beta of 2.11. Good Times Restaurants has a 12 month minimum of $3.29 and a 12 month maximum of $5.79. The stock’s 50-day simple moving average is $3.93 and its 200-day simple moving average is $4.41.
Good Times Restaurants (NASDAQ: GTIM – Get Rating) last announced its results on Thursday, February 3. The restaurateur reported earnings per share of $0.03 for the quarter. The company had revenue of $32.92 million for the quarter. Good Times Restaurants had a return on equity of 25.32% and a net margin of 12.59%.
Several hedge funds and other institutional investors have recently changed their stock holdings. Verdad Advisers LP increased its holdings of Good Times Restaurants shares by 15.6% in the fourth quarter. Verdad Advisers LP now owns 333,954 shares of the restaurateur worth $1,449,000 after acquiring an additional 45,000 shares in the last quarter. Millennium Management LLC purchased a new stock position in Good Times Restaurants during the third quarter, valued at $813,000. Diligent Investors LLC acquired a new stake in Good Times Restaurants during the fourth quarter valued at $216,000. Covalent Partners LLC acquired a new stake in Good Times Restaurants during the fourth quarter valued at $197,000. Finally, MTM Investment Management LLC acquired a new stake in Good Times Restaurants during the fourth quarter at a value of $91,000. Institutional investors and hedge funds hold 14.93% of the company’s shares.
About Good Times Restaurants (Get a rating)
Good Times Restaurants Inc, through its subsidiaries, is engaged in the restaurant business in the United States. The Company operates and franchises Good Times Burgers & Frozen Custard, an upscale, quick-service restaurant with drive-thru; and owns, operates, franchises and licenses Bad Daddy’s Burger Bar, a full-service, upscale casual restaurant.
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