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

StockNews.com began coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a research report report published on Thursday morning. The brokerage issued a strong-buy rating on the restaurant operator’s stock.

Good Times Restaurants Stock Performance

Good Times Restaurants stock opened at $2.48 on Thursday. The firm has a market capitalization of $26.38 million, a PE ratio of 16.50 and a beta of 1.85. Good Times Restaurants has a one year low of $2.18 and a one year high of $3.45. The stock’s 50 day moving average price is $2.54 and its 200 day moving average price is $2.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.33 and a current ratio of 0.42.

Good Times Restaurants (NASDAQ:GTIM) last posted its earnings results on Thursday, February 6th. The restaurant operator reported $0.02 EPS for the quarter. Good Times Restaurants had a net margin of 1.13% and a return on equity of 4.95%.

Institutional Trading of Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Dimensional Fund Advisors LP raised its holdings in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 0.59% of Good Times Restaurants worth $164,000 at the end of the most recent quarter. 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.