StockNews.com Initiates Coverage on Good Times Restaurants (NASDAQ:GTIM)

Equities research analysts at StockNews.com started coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a research note issued to investors on Tuesday. The brokerage set a “strong-buy” rating on the restaurant operator’s stock.

Good Times Restaurants Stock Performance

Shares of Good Times Restaurants stock opened at $2.72 on Tuesday. The company has a market cap of $29.93 million, a PE ratio of 45.33 and a beta of 1.88. Good Times Restaurants has a 52 week low of $2.15 and a 52 week high of $3.45. The business has a 50 day moving average price of $2.82 and a 200-day moving average price of $2.67. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 0.03.

Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.12 EPS for the quarter. The firm had revenue of $37.94 million during the quarter. Good Times Restaurants had a return on equity of 3.48% and a net margin of 0.80%.

Institutional Trading of Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Dimensional Fund Advisors LP lifted its holdings in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,959 shares of the restaurant operator’s stock after acquiring an additional 26,980 shares during the quarter. Dimensional Fund Advisors LP owned 0.59% of Good Times Restaurants worth $164,000 at the end of the most recent quarter. 12.06% of the stock is currently owned by hedge funds and other institutional investors.

Good Times Restaurants Company Profile

Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. It 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.