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

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

Good Times Restaurants Trading Up 3.3 %

Shares of GTIM stock opened at $2.54 on Tuesday. The stock has a 50 day simple moving average of $2.58 and a 200-day simple moving average of $2.71. Good Times Restaurants has a 1-year low of $2.18 and a 1-year high of $3.45. The company has a market cap of $27.08 million, a price-to-earnings ratio of 16.93 and a beta of 1.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.42 and a quick ratio of 0.33.

Good Times Restaurants (NASDAQ:GTIM) last released its earnings results on Thursday, December 12th. The restaurant operator reported $0.02 earnings per share for the quarter. Good Times Restaurants had a return on equity of 4.95% and a net margin of 1.13%.

Hedge Funds Weigh In On 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:GTIM) by 11.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 90,947 shares of the restaurant operator’s stock after acquiring an additional 9,459 shares during the period. Geode Capital Management LLC owned about 0.85% of Good Times Restaurants worth $247,000 as of its most recent filing with the SEC. 12.06% of the stock is owned by 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.