Good Times Restaurants (NASDAQ:GTIM) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a report published on Friday morning. The brokerage issued a strong-buy rating on the restaurant operator’s stock.

Good Times Restaurants Price Performance

GTIM opened at $2.51 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $2.73 and its 200 day moving average price is $2.72. Good Times Restaurants has a fifty-two week low of $2.18 and a fifty-two week high of $3.45. The firm has a market cap of $26.79 million, a price-to-earnings ratio of 22.82 and a beta of 1.85.

Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly earnings results on Thursday, December 12th. The restaurant operator reported $0.02 earnings per share for the quarter. Good Times Restaurants had a return on equity of 3.48% and a net margin of 0.80%.

Hedge Funds Weigh In On Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Dimensional Fund Advisors LP grew its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,959 shares of the restaurant operator’s stock after purchasing an additional 26,980 shares during the period. Dimensional Fund Advisors LP owned approximately 0.59% of Good Times Restaurants worth $164,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 12.06% of the company’s stock.

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.