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 published on Sunday morning. The brokerage issued a strong-buy rating on the restaurant operator’s stock.

Good Times Restaurants Trading Up 0.4 %

Shares of NASDAQ GTIM opened at $2.55 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average price is $2.64 and its two-hundred day moving average price is $2.72. Good Times Restaurants has a 52-week low of $2.18 and a 52-week high of $3.45. The stock has a market capitalization of $27.21 million, a P/E ratio of 17.00 and a beta of 1.86.

Good Times Restaurants (NASDAQ:GTIM) last posted its quarterly earnings results on Thursday, December 12th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter. Good Times Restaurants had a return on equity of 4.98% and a net margin of 1.13%.

Institutional Investors Weigh In On Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Geode Capital Management LLC raised its stake in Good Times Restaurants Inc. (NASDAQ:GTIM) by 11.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,947 shares of the restaurant operator’s stock after acquiring an additional 9,459 shares during the period. Geode Capital Management LLC owned 0.85% of Good Times Restaurants worth $247,000 as of its most recent SEC filing. 12.06% of the stock is currently 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.