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

StockNews.com started coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a research note issued to investors on Sunday morning. The firm issued a strong-buy rating on the restaurant operator’s stock.

Good Times Restaurants Price Performance

Shares of GTIM opened at $2.86 on Friday. Good Times Restaurants has a fifty-two week low of $2.15 and a fifty-two week high of $3.45. The firm’s 50-day simple moving average is $2.76 and its two-hundred day simple moving average is $2.65. The stock has a market cap of $31.47 million, a PE ratio of 47.67 and a beta of 1.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.47.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Good Times Restaurants stock. Dimensional Fund Advisors LP increased its stake in Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 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.

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.