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

Shares of Good Times Restaurants Inc. (NASDAQ:GTIM) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.25 and traded as high as $1.45. Good Times Restaurants shares last traded at $1.42, with a volume of 19,874 shares trading hands.

Wall Street Analysts Forecast Growth

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

Good Times Restaurants Stock Performance

The firm has a market cap of $15.00 million, a price-to-earnings ratio of 8.35 and a beta of 0.63. 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 stock has a fifty day moving average price of $1.32 and a 200-day moving average price of $1.25.

Good Times Restaurants (NASDAQ:GTIM) last posted its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $0.01 earnings per share for the quarter, beating 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%.

Institutional Trading of Good Times Restaurants

A hedge fund recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC increased its position in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent SEC filing. Institutional investors and hedge funds own 12.06% of the company’s stock.

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.