Granite Point Capital Management L.P. lessened its stake in Good Times Restaurants Inc. (NASDAQ:GTIM) by 75.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,960 shares of the restaurant operator’s stock after selling 194,090 shares during the quarter. Granite Point Capital Management L.P. owned 0.51% of Good Times Restaurants worth $160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC grew its position in Good Times Restaurants by 24.2% in the second quarter. Renaissance Technologies LLC now owns 131,670 shares of the restaurant operator’s stock valued at $494,000 after purchasing an additional 25,670 shares in the last quarter. Vanguard Group Inc. lifted its stake in Good Times Restaurants by 8.5% in the third quarter. Vanguard Group Inc. now owns 291,844 shares of the restaurant operator’s stock valued at $1,357,000 after acquiring an additional 22,814 shares during the last quarter. Finally, Vanguard Group Inc lifted its stake in Good Times Restaurants by 8.5% in the third quarter. Vanguard Group Inc now owns 291,844 shares of the restaurant operator’s stock valued at $1,357,000 after acquiring an additional 22,814 shares during the last quarter. 14.86% of the stock is owned by hedge funds and other institutional investors.

Shares of GTIM stock opened at $2.53 on Monday. The firm has a market capitalization of $31.68 million, a price-to-earnings ratio of -31.63 and a beta of 0.88. The company has a quick ratio of 0.65, a current ratio of 0.77 and a debt-to-equity ratio of 0.20. Good Times Restaurants Inc. has a one year low of $2.25 and a one year high of $5.25.

Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly earnings results on Thursday, February 7th. The restaurant operator reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $25.37 million during the quarter. Good Times Restaurants had a negative net margin of 1.47% and a negative return on equity of 4.06%. As a group, equities research analysts predict that Good Times Restaurants Inc. will post -0.1 earnings per share for the current fiscal year.

A number of analysts have commented on the stock. Zacks Investment Research cut shares of Good Times Restaurants from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 6th. ValuEngine cut shares of Good Times Restaurants from a “buy” rating to a “hold” rating in a research note on Thursday, January 31st. Stephens cut their price target on shares of Good Times Restaurants from $8.00 to $5.50 and set a “positive” rating for the company in a research note on Friday, December 14th. TheStreet cut shares of Good Times Restaurants from a “c” rating to a “d+” rating in a research note on Thursday, December 13th. Finally, Maxim Group reiterated a “buy” rating and issued a $7.00 price target on shares of Good Times Restaurants in a research note on Friday, December 14th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $5.58.

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Good Times Restaurants Company Profile

Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. The company operates Good Times Burgers & Frozen Custard, a regional chain of quick service restaurants; and owns, operates, franchises, and licenses Bad Daddy's Burger Bar, a full service, upscale, ‘small box' restaurant concept.

Further Reading: NASDAQ

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Institutional Ownership by Quarter for Good Times Restaurants (NASDAQ:GTIM)

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