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

Good Times Restaurants Inc. (NASDAQ:GTIM)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.24 and traded as high as $1.4150. Good Times Restaurants shares last traded at $1.41, with a volume of 11,242 shares traded.

Analyst Ratings Changes

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

Good Times Restaurants Price Performance

The business’s 50-day moving average price is $1.30 and its 200 day moving average price is $1.24. The company has a quick ratio of 0.31, a current ratio of 0.40 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $14.89 million, a P/E ratio of 8.29 and a beta of 0.64.

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

Institutional Investors Weigh In On Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC boosted its holdings in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 4.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 153,813 shares of the restaurant operator’s stock after buying an additional 6,975 shares during the period. Bridgeway Capital Management LLC owned approximately 1.46% of Good Times Restaurants worth $275,000 as of its most recent SEC filing. 12.06% of the stock is currently owned by hedge funds and other institutional investors.

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.