Good Times Restaurants (NASDAQ:GTIM) Receives New Coverage from Analysts at StockNews.com

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

Good Times Restaurants Stock Down 7.5 %

Shares of GTIM stock opened at $2.96 on Monday. Good Times Restaurants has a 1 year low of $2.15 and a 1 year high of $3.45. 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 fifty day moving average is $2.80 and its 200-day moving average is $2.66. The stock has a market cap of $32.57 million, a PE ratio of 49.33 and a beta of 1.88.

Good Times Restaurants (NASDAQ:GTIM) last released its earnings results on Thursday, August 1st. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter. Good Times Restaurants had a return on equity of 3.48% and a net margin of 0.80%. The firm had revenue of $37.94 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Good Times Restaurants stock. Dimensional Fund Advisors LP lifted its stake in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 reporting period. Hedge funds and other institutional investors own 12.06% of the company’s stock.

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.