Good Times Restaurants Inc. (NASDAQ:GTIM) Short Interest Update

Good Times Restaurants Inc. (NASDAQ:GTIM) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 27,409 shares, a decrease of 40.2% from the June 15th total of 45,828 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 30,407 shares, the short-interest ratio is presently 0.9 days.

Good Times Restaurants Price Performance

Shares of NASDAQ GTIM traded down $0.01 during trading on Thursday, hitting $1.40. The company had a trading volume of 623 shares, compared to its average volume of 32,094. Good Times Restaurants has a 52 week low of $1.10 and a 52 week high of $2.09. The business’s 50-day moving average is $1.33 and its 200 day moving average is $1.25. The company has a market cap of $14.78 million, a P/E ratio of 8.24 and a beta of 0.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.31 and a current ratio of 0.40.

Good Times Restaurants (NASDAQ:GTIM) last issued its earnings results on Thursday, May 7th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The business had revenue of $33.23 million for the quarter, compared to analysts’ expectations of $31.53 million. Good Times Restaurants had a return on equity of 5.34% and a net margin of 1.32%.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Good Times Restaurants stock. Bridgeway Capital Management LLC lifted its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 163,737 shares of the restaurant operator’s stock after acquiring an additional 9,924 shares during the quarter. Bridgeway Capital Management LLC owned approximately 1.55% of Good Times Restaurants worth $269,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 12.06% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Good Times Restaurants in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus 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.