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

Investment analysts at StockNews.com started coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a research report issued on Wednesday. The firm set a “strong-buy” rating on the restaurant operator’s stock.

Good Times Restaurants Stock Down 2.6 %

Shares of GTIM stock opened at $2.65 on Wednesday. Good Times Restaurants has a 12 month low of $2.15 and a 12 month high of $3.45. 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 firm has a market cap of $28.49 million, a PE ratio of 24.09 and a beta of 1.85. The stock has a 50 day moving average of $2.77 and a 200-day moving average of $2.72.

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% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 approximately 0.85% of Good Times Restaurants worth $247,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 12.06% of the company’s stock.

About Good Times Restaurants

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.