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

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

Good Times Restaurants Price Performance

GTIM opened at $2.67 on Tuesday. 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 stock’s 50 day simple moving average is $2.80 and its 200 day simple moving average is $2.72. The firm has a market cap of $28.70 million, a price-to-earnings ratio of 24.27 and a beta of 1.86. Good Times Restaurants has a 1 year low of $2.15 and a 1 year high of $3.45.

Institutional Investors Weigh In On Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Dimensional Fund Advisors LP raised its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% during the second quarter, according to its most recent disclosure 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 quarter. Dimensional Fund Advisors LP owned approximately 0.59% of Good Times Restaurants worth $164,000 at the end of the most recent quarter. 12.06% of the stock is owned by institutional investors and hedge funds.

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.