StockNews.com Initiates Coverage on Good Times Restaurants (NASDAQ:GTIM)

Investment analysts at StockNews.com assumed coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a research note issued to investors on Sunday. The brokerage set a “strong-buy” rating on the restaurant operator’s stock.

Good Times Restaurants Price Performance

Shares of NASDAQ:GTIM opened at $2.94 on Friday. The company has a market cap of $32.35 million, a P/E ratio of 49.00 and a beta of 1.88. The company’s fifty day moving average is $2.76 and its two-hundred day moving average is $2.65. 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 has a 12-month low of $2.15 and a 12-month high of $3.45.

Good Times Restaurants (NASDAQ:GTIM) last issued its earnings results on Thursday, August 1st. The restaurant operator reported $0.12 EPS for the quarter. The firm 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 increased its holdings in Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 0.59% of Good Times Restaurants worth $164,000 as of its most recent filing with the Securities and Exchange Commission. 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.