Good Times Restaurants (NASDAQ:GTIM) Now Covered by StockNews.com

Analysts at StockNews.com began coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a note issued to investors on Saturday. The firm set a “strong-buy” rating on the restaurant operator’s stock.

Good Times Restaurants Stock Performance

Shares of NASDAQ:GTIM opened at $2.72 on Friday. Good Times Restaurants has a 52 week low of $2.15 and a 52 week high of $3.45. The stock has a market capitalization of $29.24 million, a P/E ratio of 24.73 and a beta of 1.87. The firm has a fifty day simple moving average of $2.88 and a two-hundred day simple moving average of $2.71. 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 released its earnings results on Thursday, August 1st. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $37.94 million during the quarter. Good Times Restaurants had a net margin of 0.80% and a return on equity of 3.48%.

Institutional Investors Weigh In On Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Dimensional Fund Advisors LP boosted its stake in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,959 shares of the restaurant operator’s stock after buying an additional 26,980 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.59% of Good Times Restaurants worth $164,000 as of its most recent SEC filing. Institutional investors and hedge funds own 12.06% of the company’s stock.

About Good Times Restaurants

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.