Granite Point Capital Management L.P. decreased its holdings in Good Times Restaurants Inc. (NASDAQ:GTIM) by 75.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,960 shares of the restaurant operator’s stock after selling 194,090 shares during the quarter. Granite Point Capital Management L.P.’s holdings in Good Times Restaurants were worth $160,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its stake in Good Times Restaurants by 8.5% in the 3rd quarter. Vanguard Group Inc. now owns 291,844 shares of the restaurant operator’s stock worth $1,357,000 after purchasing an additional 22,814 shares in the last quarter. Vanguard Group Inc raised its stake in Good Times Restaurants by 8.5% in the 3rd quarter. Vanguard Group Inc now owns 291,844 shares of the restaurant operator’s stock worth $1,357,000 after purchasing an additional 22,814 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Good Times Restaurants by 24.2% in the 2nd quarter. Renaissance Technologies LLC now owns 131,670 shares of the restaurant operator’s stock valued at $494,000 after buying an additional 25,670 shares during the period. Institutional investors and hedge funds own 14.86% of the company’s stock.
GTIM stock opened at $2.53 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.65 and a current ratio of 0.77. Good Times Restaurants Inc. has a 12 month low of $2.25 and a 12 month high of $5.25. The stock has a market capitalization of $31.68 million, a price-to-earnings ratio of -31.63 and a beta of 0.88.
GTIM has been the topic of several recent analyst reports. Maxim Group reissued a “buy” rating and issued a $7.00 target price on shares of Good Times Restaurants in a report on Friday, December 14th. Stephens decreased their target price on shares of Good Times Restaurants from $8.00 to $5.50 and set a “positive” rating on the stock in a report on Friday, December 14th. TheStreet lowered shares of Good Times Restaurants from a “c” rating to a “d+” rating in a report on Thursday, December 13th. ValuEngine lowered shares of Good Times Restaurants from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. Finally, Zacks Investment Research lowered shares of Good Times Restaurants from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 6th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $5.58.
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Good Times Restaurants 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.
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