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

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

Good Times Restaurants Price Performance

GTIM stock opened at $2.72 on Wednesday. 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 company’s 50-day moving average is $2.77 and its 200-day moving average is $2.72. The stock has a market capitalization of $29.24 million, a PE ratio of 24.73 and a beta of 1.85. Good Times Restaurants has a 1 year low of $2.15 and a 1 year high of $3.45.

Hedge Funds Weigh In On Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Dimensional Fund Advisors LP boosted its holdings in Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 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.