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

by · The Cerbat Gem

StockNews.com assumed coverage on shares of Good Times Restaurants (NASDAQ:GTIM – Free Report) in a research report sent to investors on Sunday. The firm issued a strong-buy rating on the restaurant operator’s stock.

Good Times Restaurants Stock Up 1.1 %

GTIM traded up $0.03 during midday trading on Friday, hitting $2.77. The company had a trading volume of 2,888 shares, compared to its average volume of 17,703. The stock’s 50 day moving average price is $2.84 and its 200 day moving average price is $2.72. The company has a market capitalization of $29.78 million, a price-to-earnings ratio of 25.18 and a beta of 1.86. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 0.03. Good Times Restaurants has a 52 week low of $2.15 and a 52 week high of $3.45.

Institutional Trading of Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Dimensional Fund Advisors LP grew its holdings in shares of Good Times Restaurants Inc. (NASDAQ:GTIM – Free Report) by 71.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 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

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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.

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