Good Times Restaurants (GTIM) Sets New 52-Week Low at $2.32

Good Times Restaurants Inc. (NASDAQ:GTIM)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $2.32 and last traded at $2.55, with a volume of 30200 shares. The stock had previously closed at $2.60.

A number of equities analysts recently commented on GTIM shares. Maxim Group reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Good Times Restaurants in a research note on Tuesday, October 3rd. Zacks Investment Research raised shares of Good Times Restaurants from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, TheStreet downgraded shares of Good Times Restaurants from a “c-” rating to a “d” rating in a research report on Friday, August 11th.

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.89 and a current ratio of 1.01.

An institutional investor recently raised its position in Good Times Restaurants stock. Granite Point Capital Management L.P. boosted its stake in Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 273,050 shares of the restaurant operator’s stock after buying an additional 16,300 shares during the quarter. Granite Point Capital Management L.P. owned approximately 2.22% of Good Times Restaurants worth $969,000 at the end of the most recent quarter. 32.40% of the stock is owned by institutional investors.

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Good Times Restaurants Company Profile

Good Times Restaurants Inc operates and franchises Good Times Burgers & Frozen Custard (Good Times) restaurants and Bad Daddy’s Burger Bar concept (Bad Daddy’s). The Company operates through two segments: Good Times Burgers and Frozen Custard restaurants, and Bad Daddy’s Burger Bar restaurants. Good Times is a quick service restaurant concept.

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