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

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

Good Times Restaurants Stock Performance

NASDAQ GTIM opened at $2.78 on Tuesday. Good Times Restaurants has a 1-year low of $2.15 and a 1-year high of $3.45. The company has a 50 day moving average of $2.83 and a 200-day moving average of $2.67. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03. The firm has a market cap of $30.59 million, a price-to-earnings ratio of 46.33 and a beta of 1.87.

Good Times Restaurants (NASDAQ:GTIM) last released 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 return on equity of 3.48% and a net margin of 0.80%. The firm had revenue of $37.94 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Good Times Restaurants stock. Dimensional Fund Advisors LP raised its stake in Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the 2nd quarter, according to its most recent 13F filing 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 about 0.59% of Good Times Restaurants worth $164,000 as of its most recent filing with the Securities and Exchange Commission. 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.