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 released on Saturday morning. The brokerage issued a strong-buy rating on the restaurant operator’s stock.

Good Times Restaurants Trading Down 4.6 %

Shares of Good Times Restaurants stock opened at $2.70 on Friday. Good Times Restaurants has a 12-month low of $2.15 and a 12-month high of $3.45. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $29.03 million, a P/E ratio of 45.01 and a beta of 1.88. The stock has a fifty day simple moving average of $2.73 and a 200 day simple moving average of $2.63.

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

Hedge Funds Weigh In On Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Dimensional Fund Advisors LP raised its stake 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 fund owned 64,959 shares of the restaurant operator’s stock after acquiring an additional 26,980 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.59% of Good Times Restaurants worth $164,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors 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.