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

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

Good Times Restaurants Trading Down 0.7 %

Shares of GTIM opened at $2.70 on Monday. Good Times Restaurants has a 1-year low of $2.15 and a 1-year high of $3.45. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average price is $2.82 and its 200-day moving average price is $2.72. The firm has a market capitalization of $29.03 million, a price-to-earnings ratio of 24.55 and a beta of 1.86.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Good Times Restaurants stock. Dimensional Fund Advisors LP increased its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,959 shares of the restaurant operator’s stock after purchasing 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.

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.