Good Times Restaurants (NASDAQ:GTIM) Earns Strong-Buy Rating from Analysts at StockNews.com

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

Good Times Restaurants Price Performance

Shares of GTIM stock opened at $2.71 on Tuesday. The firm has a fifty day moving average of $2.83 and a 200-day moving average of $2.67. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $29.82 million, a price-to-earnings ratio of 45.17 and a beta of 1.88. Good Times Restaurants has a 12-month low of $2.15 and a 12-month high of $3.45.

Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter. The business 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%.

Institutional Inflows and Outflows

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% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing. Hedge funds and other 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.