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

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

Good Times Restaurants Stock Performance

Shares of NASDAQ:GTIM opened at $2.78 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.47 and a quick ratio of 0.38. The business’s fifty day moving average price is $2.87 and its two-hundred day moving average price is $2.69. Good Times Restaurants has a fifty-two week low of $2.15 and a fifty-two week high of $3.45. The stock has a market capitalization of $30.59 million, a price-to-earnings ratio of 46.33 and a beta of 1.87.

Good Times Restaurants (NASDAQ:GTIM) last announced its earnings results on Thursday, August 1st. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter. Good Times Restaurants had a net margin of 0.80% and a return on equity of 3.48%. The business had revenue of $37.94 million during the quarter.

Institutional Investors Weigh In On Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Dimensional Fund Advisors LP boosted its position in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the 2nd quarter, according to 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 quarter. Dimensional Fund Advisors LP owned about 0.59% of Good Times Restaurants worth $164,000 as of its most recent filing with the Securities and Exchange Commission. 12.06% of the stock is currently owned by hedge funds and other institutional investors.

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.