Good Times Restaurants Inc. (NASDAQ:GTIM)’s share price hit 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 changing hands. The stock had previously closed at $2.60.

GTIM has been the topic of a number of recent research reports. Maxim Group reaffirmed a “buy” rating and issued a $6.00 target price on shares of Good Times Restaurants in a report on Friday, August 11th. TheStreet cut shares of Good Times Restaurants from a “c-” rating to a “d” rating in a report on Friday, August 11th. Finally, Zacks Investment Research raised shares of Good Times Restaurants from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th.

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

An institutional investor recently raised its position in Good Times Restaurants stock. Granite Point Capital Management L.P. raised its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm 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 about 2.22% of Good Times Restaurants worth $969,000 as of its most recent filing with the SEC. Institutional investors own 32.40% of the company’s stock.

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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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