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

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

Good Times Restaurants Price Performance

GTIM stock opened at $2.70 on Wednesday. Good Times Restaurants has a one year low of $2.15 and a one year high of $3.13. The firm has a 50-day moving average of $2.57 and a two-hundred day moving average of $2.56. The firm has a market capitalization of $29.71 million, a PE ratio of 45.00 and a beta of 1.86. The company has a current ratio of 0.45, a quick ratio of 0.36 and a debt-to-equity ratio of 0.04.

Good Times Restaurants (NASDAQ:GTIM) last released its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter. Good Times Restaurants had a net margin of 0.80% and a return on equity of 3.50%. The business 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 boosted its holdings in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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. Hedge funds and other 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.