Good Times Restaurants (NASDAQ:GTIM) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Good Times Restaurants Inc. (NASDAQ:GTIM)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.26 and traded as high as $1.40. Good Times Restaurants shares last traded at $1.37, with a volume of 6,956 shares changing hands.

Wall Street Analyst Weigh In

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

Good Times Restaurants Price Performance

The stock has a fifty day simple moving average of $1.35 and a two-hundred day simple moving average of $1.26. The company has a market cap of $14.68 million, a PE ratio of 8.18 and a beta of 0.63. The company has a current ratio of 0.40, a quick ratio of 0.31 and a debt-to-equity ratio of 0.03.

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 during the quarter, compared to the consensus estimate 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

A hedge fund recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC grew its stake in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 approximately 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.

Good Times Restaurants Company Profile

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.