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

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

Good Times Restaurants Stock Down 1.8 %

Shares of NASDAQ GTIM opened at $2.70 on Friday. Good Times Restaurants has a 52 week low of $2.15 and a 52 week high of $3.45. The stock’s fifty day moving average is $2.88 and its 200 day moving average is $2.71. 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 stock has a market capitalization of $29.03 million, a P/E ratio of 24.55 and a beta of 1.86.

Good Times Restaurants (NASDAQ:GTIM) last issued 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 during the quarter.

Hedge Funds Weigh In On Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Dimensional Fund Advisors LP grew its holdings in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and 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 quarter. 12.06% of the stock is currently owned by institutional investors and hedge funds.

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.