Good Times Restaurants Inc. (NASDAQ:GTIM) Sees Significant Increase in Short Interest

Good Times Restaurants Inc. (NASDAQ:GTIM) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 82,919 shares, an increase of 163.7% from the January 29th total of 31,448 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average trading volume of 57,874 shares, the short-interest ratio is currently 1.4 days. Based on an average trading volume of 57,874 shares, the short-interest ratio is currently 1.4 days. Approximately 1.1% of the company’s stock are sold short.

Good Times Restaurants Price Performance

Good Times Restaurants stock opened at $1.20 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.36 and a current ratio of 0.45. The stock has a market cap of $12.67 million, a PE ratio of 12.00 and a beta of 0.75. Good Times Restaurants has a fifty-two week low of $1.10 and a fifty-two week high of $2.65. The firm’s 50-day simple moving average is $1.20 and its 200 day simple moving average is $1.41.

Good Times Restaurants (NASDAQ:GTIM) last posted its earnings results on Thursday, February 5th. The restaurant operator reported $0.02 EPS for the quarter. The firm had revenue of $32.71 million for the quarter. Good Times Restaurants had a net margin of 0.75% and a return on equity of 4.58%.

Institutional Investors Weigh In On Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC lifted its holdings in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,737 shares of the restaurant operator’s stock after purchasing an additional 9,924 shares during the period. Bridgeway Capital Management LLC owned about 1.55% of Good Times Restaurants worth $269,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 12.06% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Good Times Restaurants in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

About Good Times Restaurants

Good Times Restaurants International, Inc (NASDAQ: GTIM) owns, develops, operates and franchises quick-service restaurants under the Good Times Burger & Frozen Custard brand. The company’s restaurants feature a signature menu built around hand-pressed, fresh-never-frozen beef burgers, homemade buns, fresh-cut fries, handcrafted milkshakes and frozen custard desserts. Good Times supplements its core offerings with seasonal items and limited-time promotions designed to appeal to a variety of customer tastes.

Founded in 1987 and headquartered in Lakewood, Colorado, Good Times has expanded through a mix of company-owned locations and franchising agreements.