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

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

Good Times Restaurants Stock Performance

Good Times Restaurants stock opened at $2.70 on Tuesday. The firm has a market capitalization of $29.03 million, a PE ratio of 24.55 and a beta of 1.86. Good Times Restaurants has a one year low of $2.15 and a one year high of $3.45. The stock’s 50 day moving average price is $2.79 and its 200 day moving average price is $2.72. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.47.

Institutional Investors Weigh In On Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Geode Capital Management LLC boosted its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 11.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,947 shares of the restaurant operator’s stock after buying 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. 12.06% of the stock is owned by institutional investors and hedge funds.

About Good Times Restaurants

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.