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

Analysts at StockNews.com began coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a note issued to investors on Sunday. The brokerage set a “strong-buy” rating on the restaurant operator’s stock.

Good Times Restaurants Price Performance

GTIM stock opened at $2.55 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.47. The stock’s 50 day moving average price is $2.66 and its 200 day moving average price is $2.72. The firm has a market cap of $27.21 million, a P/E ratio of 17.00 and a beta of 1.86. Good Times Restaurants has a 1 year low of $2.18 and a 1 year high of $3.45.

Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings data 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 4.98% and a net margin of 1.13%.

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 holdings in Good Times Restaurants Inc. (NASDAQ:GTIM) by 11.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund 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 at the end of the most recent reporting period. 12.06% of the stock is currently 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.