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

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

Good Times Restaurants Price Performance

NASDAQ GTIM opened at $2.72 on Wednesday. The firm has a market cap of $29.25 million, a PE ratio of 24.73 and a beta of 1.85. Good Times Restaurants has a one year low of $2.15 and a one year high of $3.45. The stock’s 50 day simple moving average is $2.77 and its 200 day simple moving average is $2.72. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.47 and a quick ratio of 0.38.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Good Times Restaurants stock. Dimensional Fund Advisors LP raised its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund 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 about 0.59% of Good Times Restaurants worth $164,000 as of its most recent filing with the SEC. 12.06% of the stock is owned by hedge funds and other 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.