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

Stock analysts at StockNews.com assumed coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a report issued on Thursday. The firm set a “strong-buy” rating on the restaurant operator’s stock.

Good Times Restaurants Stock Up 2.0 %

Shares of Good Times Restaurants stock opened at $2.53 on Thursday. The company has a market cap of $26.97 million, a P/E ratio of 16.87 and a beta of 1.85. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.33 and a current ratio of 0.42. Good Times Restaurants has a one year low of $2.18 and a one year high of $3.45. The firm has a fifty day moving average of $2.55 and a two-hundred day moving average of $2.71.

Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly earnings data on Thursday, December 12th. The restaurant operator reported $0.02 EPS for the quarter. Good Times Restaurants had a net margin of 1.13% and a return on equity of 4.95%.

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 stake in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 about 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.

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.