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

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

Good Times Restaurants Trading Up 2.4 %

Shares of NASDAQ:GTIM opened at $2.51 on Friday. Good Times Restaurants has a 12-month low of $2.18 and a 12-month high of $3.45. The company has a market cap of $26.79 million, a PE ratio of 22.82 and a beta of 1.85. The stock has a 50 day moving average of $2.73 and a 200 day moving average of $2.71. 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 (NASDAQ:GTIM) last announced its quarterly earnings data on Thursday, December 12th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter. Good Times Restaurants had a net margin of 0.80% and a return on equity of 3.48%.

Hedge Funds Weigh In On Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Dimensional Fund Advisors LP raised its stake in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,959 shares of the restaurant operator’s stock after buying an additional 26,980 shares during the quarter. Dimensional Fund Advisors LP owned about 0.59% of Good Times Restaurants worth $164,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 12.06% of the stock is currently owned by institutional investors.

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.