Good Times Restaurants (NASDAQ:GTIM) Now Covered by StockNews.com

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

Good Times Restaurants Stock Performance

Shares of NASDAQ:GTIM opened at $2.55 on Friday. The firm has a fifty day simple moving average of $2.66 and a two-hundred day simple moving average of $2.72. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $27.21 million, a P/E ratio of 17.00 and a beta of 1.86. Good Times Restaurants has a 52 week low of $2.18 and a 52 week high of $3.45.

Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings data on Thursday, December 12th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter. Good Times Restaurants had a return on equity of 4.98% and a net margin of 1.13%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Good Times Restaurants stock. Dimensional Fund Advisors LP boosted its position in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 about 0.59% of Good Times Restaurants worth $164,000 as of its most recent SEC filing. 12.06% of the stock is 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.