Good Times Restaurants (NASDAQ:GTIM) Earns Strong-Buy Rating from Analysts at StockNews.com

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

Good Times Restaurants Stock Up 4.2 %

GTIM stock opened at $2.48 on Friday. The firm has a market cap of $26.44 million, a PE ratio of 11.27 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. The firm’s fifty day moving average is $2.52 and its 200 day moving average is $2.70. Good Times Restaurants has a one year low of $2.18 and a one year high of $3.45.

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

Institutional Trading of Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Geode Capital Management LLC grew its stake in Good Times Restaurants Inc. (NASDAQ:GTIMFree Report) by 11.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 approximately 0.85% of Good Times Restaurants worth $247,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 12.06% of the company’s stock.

About Good Times Restaurants

(Get Free Report)

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.

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