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

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

Good Times Restaurants Price Performance

Shares of NASDAQ:GTIM opened at $2.72 on Friday. The stock has a market cap of $29.24 million, a PE ratio of 24.73 and a beta of 1.87. The company’s fifty day moving average is $2.88 and its 200 day moving average is $2.71. Good Times Restaurants has a 52 week low of $2.15 and a 52 week high of $3.45. 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 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 grew its holdings in Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and 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 0.59% of Good Times Restaurants worth $164,000 as of its most recent SEC filing. 12.06% of the stock is currently owned by institutional investors and hedge funds.

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.