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

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

Good Times Restaurants Stock Down 1.6 %

Good Times Restaurants stock opened at $2.52 on Thursday. The company has a market capitalization of $26.86 million, a P/E ratio of 16.80 and a beta of 1.85. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.33 and a current ratio of 0.42. Good Times Restaurants has a fifty-two week low of $2.18 and a fifty-two week high of $3.45. The stock has a 50-day simple moving average of $2.54 and a 200-day simple moving average of $2.71.

Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings data on Thursday, February 6th. 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 Investors Weigh In On Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Geode Capital Management LLC boosted its stake in Good Times Restaurants Inc. (NASDAQ:GTIM) by 11.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 0.85% of Good Times Restaurants worth $247,000 as of its most recent SEC filing. 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.