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

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

Good Times Restaurants Trading Down 1.9 %

Shares of Good Times Restaurants stock opened at $2.65 on Thursday. The stock has a market capitalization of $28.49 million, a P/E ratio of 24.09 and a beta of 1.85. Good Times Restaurants has a 52-week low of $2.15 and a 52-week 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. The stock’s 50-day simple moving average is $2.76 and its 200 day simple moving average is $2.72.

Good Times Restaurants (NASDAQ:GTIM) last posted its quarterly earnings results on Thursday, December 12th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter. Good Times Restaurants had a net margin of 0.80% and a return on equity of 3.48%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Good Times Restaurants stock. Geode Capital Management LLC lifted its holdings in shares of 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. The institutional investor 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 at the end of the most recent quarter. Institutional investors own 12.06% of the company’s stock.

Good Times Restaurants Company Profile

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.