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

Research analysts at StockNews.com assumed coverage on shares of Good Times Restaurants (NASDAQ:GTIMGet Free Report) in a note issued to investors on Saturday. The brokerage set a “strong-buy” rating on the restaurant operator’s stock.

Good Times Restaurants Stock Up 2.0 %

Shares of NASDAQ:GTIM opened at $2.52 on Friday. The stock’s 50-day moving average is $2.69 and its 200 day moving average is $2.72. The company has a market cap of $26.89 million, a PE ratio of 22.91 and a beta of 1.85. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.47 and a quick ratio of 0.38. Good Times Restaurants has a 1 year low of $2.18 and a 1 year high of $3.45.

Good Times Restaurants (NASDAQ:GTIMGet Free Report) last announced its 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 3.48% and a net margin of 0.80%.

Hedge Funds Weigh In On Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Geode Capital Management LLC raised its position in shares of Good Times Restaurants Inc. (NASDAQ:GTIMFree Report) by 11.6% in the third quarter, according to the company in its most recent 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 SEC filing. 12.06% of the stock is owned by hedge funds and other institutional investors.

About Good Times Restaurants

(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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