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

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

Good Times Restaurants Stock Down 1.9 %

Shares of Good Times Restaurants stock opened at $2.65 on Monday. The business has a fifty day simple moving average of $2.82 and a 200 day simple moving average of $2.72. The stock has a market cap of $28.49 million, a PE ratio of 24.09 and a beta of 1.86. 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 has a 12 month low of $2.15 and a 12 month high of $3.45.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Good Times Restaurants stock. Dimensional Fund Advisors LP raised its stake in Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% during the second quarter, according to the company in its most recent Form 13F filing with the 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 about 0.59% of Good Times Restaurants worth $164,000 at the end of the most recent reporting period. 12.06% of the stock is 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.