Good Times Restaurants (NASDAQ:GTIM) Receives New Coverage from Analysts at StockNews.com

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

Good Times Restaurants Stock Down 3.4 %

GTIM stock opened at $2.84 on Friday. The business’s 50-day moving average price is $2.90 and its 200-day moving average price is $2.71. The stock has a market cap of $30.53 million, a P/E ratio of 25.82 and a beta of 1.87. Good Times Restaurants has a twelve month low of $2.15 and a twelve month high of $3.45. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 0.03.

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

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 stake in Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,959 shares of the restaurant operator’s stock after acquiring an additional 26,980 shares during the period. Dimensional Fund Advisors LP owned 0.59% of Good Times Restaurants worth $164,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 12.06% of the company’s stock.

Good Times Restaurants Company Profile

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.