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

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

Good Times Restaurants Stock Performance

Shares of Good Times Restaurants stock opened at $2.70 on Tuesday. The stock’s fifty day simple moving average is $2.79 and its 200 day simple moving average is $2.72. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $29.03 million, a PE ratio of 24.27 and a beta of 1.86. Good Times Restaurants has a 12 month low of $2.15 and a 12 month high of $3.45.

Institutional Trading of Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Dimensional Fund Advisors LP increased its stake in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,959 shares of the restaurant operator’s stock after acquiring an additional 26,980 shares during the period. Dimensional Fund Advisors LP owned about 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.