Good Times Restaurants Inc. (NASDAQ:GTIM) Sees Large Drop in Short Interest

Good Times Restaurants Inc. (NASDAQ:GTIM) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 12,192 shares, a decline of 67.0% from the July 30th total of 36,988 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 122,788 shares, the short-interest ratio is presently 0.1 days.

Good Times Restaurants Price Performance

Shares of GTIM remained flat at $1.50 during mid-day trading on Friday. 28,666 shares of the stock traded hands, compared to its average volume of 92,904. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.37 and a current ratio of 0.47. Good Times Restaurants has a 12 month low of $1.10 and a 12 month high of $2.09. The stock has a 50 day moving average of $1.44 and a 200-day moving average of $1.31. The stock has a market capitalization of $15.84 million, a price-to-earnings ratio of 7.14 and a beta of 0.62.

Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.22. The business had revenue of $35.17 million for the quarter, compared to the consensus estimate of $31.53 million. Good Times Restaurants had a return on equity of 6.47% and a net margin of 1.65%.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Good Times Restaurants from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Good Times Restaurants

A hedge fund recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC raised its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153,813 shares of the restaurant operator’s stock after buying an additional 6,975 shares during the quarter. Bridgeway Capital Management LLC owned about 1.46% of Good Times Restaurants worth $275,000 at the end of the most recent quarter. 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.