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

Investment analysts at StockNews.com initiated coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a report released on Friday. The brokerage set a “strong-buy” rating on the restaurant operator’s stock.

Good Times Restaurants Price Performance

GTIM opened at $2.94 on Friday. The company has a fifty day moving average price of $2.90 and a two-hundred day moving average price of $2.70. The firm has a market capitalization of $32.35 million, a PE ratio of 49.00 and a beta of 1.87. Good Times Restaurants has a 52 week low of $2.15 and a 52 week high of $3.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.47.

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

Institutional Trading of Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Dimensional Fund Advisors LP raised its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 filing with the SEC. 12.06% of the stock is currently owned by hedge funds and other institutional investors.

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.