Good Times Restaurants (NASDAQ:GTIM) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Good Times Restaurants Inc. (NASDAQ:GTIM) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.23 and traded as high as $1.28. Good Times Restaurants shares last traded at $1.26, with a volume of 17,198 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Good Times Restaurants in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Good Times Restaurants has an average rating of “Sell”.

Good Times Restaurants Stock Down 1.6%

The stock has a market capitalization of $13.31 million, a price-to-earnings ratio of 7.41 and a beta of 0.64. The business’s 50-day moving average is $1.27 and its two-hundred day moving average is $1.23. The company has a quick ratio of 0.31, a current ratio of 0.40 and a debt-to-equity ratio of 0.03.

Good Times Restaurants (NASDAQ:GTIM) last posted its quarterly 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. The firm had revenue of $33.23 million for the quarter, compared to analyst estimates of $31.53 million. Good Times Restaurants had a net margin of 1.32% and a return on equity of 5.34%.

Hedge Funds Weigh In On Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC boosted its position in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 quarter. 12.06% of the stock is 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.