Good Times Restaurants (NASDAQ:GTIM) Coverage Initiated at StockNews.com

Posted by Doug Madison on Sep 11th, 2024

StockNews.com started coverage on shares of Good Times Restaurants (NASDAQ:GTIM – Free Report) in a research note published on Saturday. The firm issued a strong-buy rating on the restaurant operator’s stock.

Good Times Restaurants Stock Performance

NASDAQ:GTIM opened at $2.70 on Friday. The company has a market capitalization of $29.03 million, a PE ratio of 45.01 and a beta of 1.88. Good Times Restaurants has a fifty-two week low of $2.15 and a fifty-two week high of $3.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.47. The company has a 50 day simple moving average of $2.73 and a two-hundred day simple moving average of $2.63.

Good Times Restaurants (NASDAQ:GTIM – Get Free Report) last released its 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 business had revenue of $37.94 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Good Times Restaurants stock. Dimensional Fund Advisors LP boosted its holdings in Good Times Restaurants Inc. (NASDAQ:GTIM – Free Report) by 71.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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. Institutional investors and hedge funds own 12.06% of the company’s stock.

Good Times Restaurants Company Profile

(Get Free Report)

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.