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

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

Good Times Restaurants Stock Performance

NASDAQ:GTIM opened at $2.71 on Tuesday. The stock has a market capitalization of $29.82 million, a P/E ratio of 45.17 and a beta of 1.88. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03. Good Times Restaurants has a 1 year low of $2.15 and a 1 year high of $3.45. The firm has a 50 day moving average of $2.83 and a 200-day moving average of $2.67.

Good Times Restaurants (NASDAQ:GTIM) last released its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.12 earnings per share (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 grew its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm 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 at the end of the most recent reporting period. 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.