Good Times Restaurants (NASDAQ:GTIM) Earns Strong-Buy Rating from Analysts at Wall Street Zen

Wall Street Zen assumed coverage on shares of Good Times Restaurants (NASDAQ:GTIM) in a report issued on Wednesday morning. The brokerage issued a strong-buy rating on the restaurant operator’s stock.

Good Times Restaurants Price Performance

NASDAQ:GTIM opened at $1.54 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.42 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average price is $1.99 and its two-hundred day moving average price is $2.36. The firm has a market capitalization of $16.39 million, a price-to-earnings ratio of 7.00 and a beta of 1.37. Good Times Restaurants has a 12-month low of $1.51 and a 12-month high of $3.45.

Good Times Restaurants (NASDAQ:GTIM) last released its quarterly earnings data on Thursday, May 8th. The restaurant operator reported ($0.01) earnings per share (EPS) for the quarter. Good Times Restaurants had a net margin of 1.60% and a return on equity of 7.11%.

Institutional Trading of Good Times Restaurants

An institutional investor recently bought a new position in Good Times Restaurants stock. Arcadia Wealth Management Inc. purchased a new position in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 49,635 shares of the restaurant operator’s stock, valued at approximately $129,000. Arcadia Wealth Management Inc. owned about 0.47% of Good Times Restaurants at the end of the most recent quarter. 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.