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

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

Good Times Restaurants Trading Down 3.4 %

Good Times Restaurants stock opened at $2.84 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.47. The business’s 50-day simple moving average is $2.90 and its 200-day simple moving average is $2.71. The firm has a market capitalization of $30.53 million, a PE ratio of 25.82 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.

Good Times Restaurants (NASDAQ:GTIM) last posted 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 for the quarter.

Hedge Funds Weigh In On Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Dimensional Fund Advisors LP raised its stake in shares of 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 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 12.06% of the company’s stock.

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.