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

Stock analysts at StockNews.com started coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a research note issued to investors on Wednesday. The firm set a “strong-buy” rating on the restaurant operator’s stock.

Good Times Restaurants Stock Up 2.7 %

GTIM opened at $2.64 on Wednesday. Good Times Restaurants has a fifty-two week low of $2.15 and a fifty-two week high of $3.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.36 and a current ratio of 0.45. The company has a fifty day moving average of $2.51 and a two-hundred day moving average of $2.54. The stock has a market capitalization of $29.54 million, a price-to-earnings ratio of 2.97 and a beta of 1.80.

Good Times Restaurants (NASDAQ:GTIM) last released its quarterly earnings data on Wednesday, January 31st. The restaurant operator reported ($0.05) earnings per share for the quarter. Good Times Restaurants had a net margin of 7.73% and a return on equity of 2.13%. The firm had revenue of $33.13 million during the quarter.

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.