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

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

Good Times Restaurants Stock Performance

Shares of NASDAQ:GTIM opened at $2.86 on Wednesday. The company has a market capitalization of $30.75 million, a price-to-earnings ratio of 26.00 and a beta of 1.87. The firm’s 50 day simple moving average is $2.85 and its 200 day simple moving average is $2.68. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.47 and a quick ratio of 0.38. Good Times Restaurants has a fifty-two week low of $2.15 and a fifty-two week high of $3.45.

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

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 stake 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 SEC. The firm owned 64,959 shares of the restaurant operator’s stock after buying an additional 26,980 shares during the period. Dimensional Fund Advisors LP owned approximately 0.59% of Good Times Restaurants worth $164,000 as of its most recent filing with the SEC. Institutional investors and hedge funds 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.