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

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

Good Times Restaurants Stock Performance

NASDAQ:GTIM opened at $2.54 on Tuesday. Good Times Restaurants has a 52 week low of $2.18 and a 52 week high of $3.45. The company has a fifty day simple moving average of $2.58 and a two-hundred day simple moving average of $2.71. The company has a quick ratio of 0.33, a current ratio of 0.42 and a debt-to-equity ratio of 0.03. The company has a market cap of $27.08 million, a price-to-earnings ratio of 16.93 and a beta of 1.86.

Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings results 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 4.95% and a net margin of 1.13%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Good Times Restaurants stock. Geode Capital Management LLC lifted its position in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 11.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,947 shares of the restaurant operator’s stock after purchasing an additional 9,459 shares during the period. Geode Capital Management LLC owned about 0.85% of Good Times Restaurants worth $247,000 at the end of the most recent reporting period. 12.06% of the stock is owned by 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.