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

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

Good Times Restaurants Trading Up 1.9 %

NASDAQ GTIM opened at $2.70 on Tuesday. The company has a 50-day moving average of $2.79 and a 200-day moving average of $2.72. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.47 and a quick ratio of 0.38. Good Times Restaurants has a 12 month low of $2.15 and a 12 month high of $3.45. The company has a market cap of $29.03 million, a P/E ratio of 24.55 and a beta of 1.86.

Hedge Funds Weigh In On Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Geode Capital Management LLC increased 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. The firm 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 about 0.85% of Good Times Restaurants worth $247,000 as of its most recent filing with the Securities and Exchange Commission. 12.06% of the stock is currently owned by institutional investors and hedge funds.

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.