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

Equities research analysts at StockNews.com began coverage on shares of Good Times Restaurants (NASDAQ:GTIMGet Free Report) in a report issued on Thursday. The firm set a “strong-buy” rating on the restaurant operator’s stock.

Good Times Restaurants Trading Down 1.9 %

NASDAQ GTIM opened at $2.65 on Thursday. 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 simple moving average is $2.76 and its two-hundred day simple moving average is $2.72. Good Times Restaurants has a twelve month low of $2.15 and a twelve month high of $3.45. The company has a market capitalization of $28.49 million, a price-to-earnings ratio of 24.09 and a beta of 1.85.

Good Times Restaurants (NASDAQ:GTIMGet Free Report) last announced its quarterly earnings data on Thursday, December 12th. The restaurant operator reported $0.02 earnings per share for the quarter. Good Times Restaurants had a return on equity of 3.48% and a net margin of 0.80%.

Institutional Investors Weigh In On Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Geode Capital Management LLC increased its holdings in Good Times Restaurants Inc. (NASDAQ:GTIMFree Report) by 11.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,947 shares of the restaurant operator’s stock after purchasing an additional 9,459 shares during the quarter. Geode Capital Management LLC owned 0.85% of Good Times Restaurants worth $247,000 as of its most recent filing with the Securities & Exchange Commission. 12.06% of the stock is currently owned by institutional investors.

Good Times Restaurants Company Profile

(Get Free Report)

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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