StockNews.com Begins Coverage on Good Times Restaurants (NASDAQ:GTIM)

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

Good Times Restaurants Stock Down 0.4 %

Good Times Restaurants stock opened at $2.54 on Friday. The firm has a market capitalization of $27.11 million, a P/E ratio of 16.93 and a beta of 1.86. The company has a 50-day simple moving average of $2.65 and a 200-day simple moving average of $2.72. Good Times Restaurants has a one year low of $2.18 and a one year high of $3.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.47.

Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly earnings results on Thursday, December 12th. The restaurant operator reported $0.02 EPS for the quarter. Good Times Restaurants had a net margin of 1.13% and a return on equity of 4.98%.

Hedge Funds Weigh In On Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Geode Capital Management LLC increased its stake in Good Times Restaurants Inc. (NASDAQ:GTIM) by 11.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,947 shares of the restaurant operator’s stock after acquiring an additional 9,459 shares during the period. Geode Capital Management LLC owned approximately 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 hedge funds and other institutional investors.

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.