Good Times Restaurants (NASDAQ:GTIM) Coverage Initiated at StockNews.com

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

Good Times Restaurants Stock Performance

Shares of GTIM opened at $2.74 on Friday. The firm has a market cap of $29.46 million, a P/E ratio of 24.91 and a beta of 1.86. Good Times Restaurants has a twelve month low of $2.15 and a twelve month high of $3.45. 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 firm’s 50 day moving average price is $2.83 and its two-hundred day moving average price is $2.72.

Institutional Trading of Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Dimensional Fund Advisors LP lifted its position in shares of 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 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 about 0.59% of Good Times Restaurants worth $164,000 at the end of the most recent quarter. Institutional investors own 12.06% of the company’s stock.

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.