Good Times Restaurants (NASDAQ:GTIM) Now Covered by StockNews.com

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

Good Times Restaurants Stock Up 2.0 %

Shares of NASDAQ:GTIM opened at $2.53 on Thursday. The company has a market capitalization of $26.97 million, a PE ratio of 16.87 and a beta of 1.85. The company has a current ratio of 0.42, a quick ratio of 0.33 and a debt-to-equity ratio of 0.03. Good Times Restaurants has a twelve month low of $2.18 and a twelve month high of $3.45. The firm has a 50 day simple moving average of $2.55 and a 200-day simple moving average of $2.71.

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

Institutional Trading of Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Dimensional Fund Advisors LP boosted its holdings in Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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. 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.