Good Times Restaurants (NASDAQ:GTIM) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Good Times Restaurants Inc. (NASDAQ:GTIM)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.26 and traded as high as $1.40. Good Times Restaurants shares last traded at $1.37, with a volume of 6,956 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Good Times Restaurants in a report on Wednesday, June 24th. One investment 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 Trading Down 2.1%

The firm has a market capitalization of $14.47 million, a PE ratio of 8.06 and a beta of 0.63. The company has a current ratio of 0.40, a quick ratio of 0.31 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average price of $1.35 and a two-hundred day moving average price of $1.26.

Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings data 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 the consensus estimate of $31.53 million. Good Times Restaurants had a return on equity of 5.34% and a net margin of 1.32%.

Institutional Investors Weigh In On Good Times Restaurants

An institutional investor recently raised its stake in Good Times Restaurants stock. Bridgeway Capital Management LLC grew its stake in Good Times Restaurants Inc. (NASDAQ:GTIM) by 4.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 153,813 shares of the restaurant operator’s stock after acquiring an additional 6,975 shares during the period. Bridgeway Capital Management LLC owned about 1.46% of Good Times Restaurants worth $275,000 as of its most recent filing with the SEC. 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.