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

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

Good Times Restaurants Trading Down 0.4 %

Shares of GTIM opened at $2.48 on Friday. Good Times Restaurants has a 1 year low of $2.26 and a 1 year high of $3.45. The company has a current ratio of 0.42, a quick ratio of 0.33 and a debt-to-equity ratio of 0.08. The stock has a 50 day simple moving average of $2.49 and a 200-day simple moving average of $2.70. The stock has a market cap of $26.39 million, a PE ratio of 11.27 and a beta of 1.85.

Good Times Restaurants (NASDAQ:GTIM) last issued its earnings results on Thursday, February 6th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter. Good Times Restaurants had a return on equity of 7.11% and a net margin of 1.60%.

Hedge Funds Weigh In On Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Geode Capital Management LLC lifted its stake in Good Times Restaurants Inc. (NASDAQ:GTIM) by 11.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,947 shares of the restaurant operator’s stock after buying 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 currently owned by institutional investors and hedge funds.

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.