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

Investment analysts at StockNews.com started coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a report released on Monday. The brokerage set a “strong-buy” rating on the restaurant operator’s stock.

Good Times Restaurants Price Performance

Shares of NASDAQ:GTIM opened at $2.72 on Monday. 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 firm has a fifty day moving average price of $2.82 and a 200 day moving average price of $2.72. 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 cap of $29.25 million, a price-to-earnings ratio of 24.73 and a beta of 1.86.

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 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 & Exchange Commission. 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 Securities & Exchange Commission. 12.06% of the stock is currently owned by hedge funds and other institutional investors.

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.