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

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

Good Times Restaurants Price Performance

Shares of GTIM opened at $2.86 on Wednesday. The firm’s 50-day simple moving average is $2.85 and its two-hundred day simple moving average is $2.68. Good Times Restaurants has a fifty-two week low of $2.15 and a fifty-two week high of $3.45. The stock has a market cap of $31.47 million, a PE ratio of 47.67 and a beta of 1.87. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.47.

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

Hedge Funds Weigh In On Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Dimensional Fund Advisors LP lifted its holdings in Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,959 shares of the restaurant operator’s stock after purchasing an additional 26,980 shares during the quarter. Dimensional Fund Advisors LP owned 0.59% of Good Times Restaurants worth $164,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 12.06% of the stock is 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.