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

StockNews.com assumed coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a research report sent to investors on Tuesday morning. The brokerage issued a strong-buy rating on the restaurant operator’s stock.

Good Times Restaurants Price Performance

Shares of NASDAQ GTIM opened at $2.65 on Tuesday. 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 has a fifty-two week low of $2.15 and a fifty-two week high of $3.45. The firm has a market capitalization of $28.50 million, a PE ratio of 24.09 and a beta of 1.86. The stock’s 50-day simple moving average is $2.80 and its 200-day simple moving average is $2.72.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Good Times Restaurants stock. Geode Capital Management LLC increased its position in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 11.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund 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 filing with the SEC. Institutional investors own 12.06% of the company’s stock.

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.