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

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

Good Times Restaurants Stock Up 0.7 %

Shares of NASDAQ GTIM opened at $2.72 on Tuesday. Good Times Restaurants has a 12-month low of $2.15 and a 12-month high of $3.45. The stock has a market cap of $29.24 million, a PE ratio of 23.82 and a beta of 1.86. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average of $2.79 and a 200 day moving average of $2.72.

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 position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 11.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (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 about 0.85% of Good Times Restaurants worth $247,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.