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

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

Good Times Restaurants Trading Up 4.2 %

NASDAQ GTIM opened at $2.48 on Friday. The company has a fifty day simple moving average of $2.52 and a two-hundred day simple moving average of $2.70. The stock has a market cap of $26.44 million, a P/E ratio of 11.27 and a beta of 1.85. Good Times Restaurants has a 12-month low of $2.18 and a 12-month 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 0.03.

Good Times Restaurants (NASDAQ:GTIM) last posted its quarterly earnings results on Thursday, February 6th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter. Good Times Restaurants had a net margin of 1.60% and a return on equity of 7.12%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Good Times Restaurants stock. Geode Capital Management LLC increased its holdings in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 11.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,947 shares of the restaurant operator’s stock after purchasing an additional 9,459 shares during the period. Geode Capital Management LLC owned approximately 0.85% of Good Times Restaurants worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.