Good Times Restaurants (NASDAQ:GTIM) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Good Times Restaurants Inc. (NASDAQ:GTIM) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.23 and traded as high as $1.31. Good Times Restaurants shares last traded at $1.29, with a volume of 76,540 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Good Times Restaurants in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Good Times Restaurants Stock Performance

The stock has a fifty day simple moving average of $1.24 and a 200-day simple moving average of $1.23. The stock has a market cap of $13.62 million, a P/E ratio of 7.59 and a beta of 0.65. 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 released 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 firm had revenue of $33.23 million during 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%.

Hedge Funds 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% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 163,737 shares of the restaurant operator’s stock after buying 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 quarter. 12.06% of the stock is currently owned by institutional investors.

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.