Good Times Restaurants Inc. (NASDAQ:GTIM) Sees Large Decrease in Short Interest

Good Times Restaurants Inc. (NASDAQ:GTIM) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 45,396 shares, a drop of 20.0% from the March 31st total of 56,744 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 33,653 shares, the short-interest ratio is presently 1.3 days.

Analyst Upgrades and Downgrades

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

Good Times Restaurants Stock Up 0.4%

Shares of NASDAQ:GTIM traded up $0.00 during midday trading on Friday, hitting $1.28. 9,930 shares of the stock were exchanged, compared to its average volume of 32,817. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.36 and a current ratio of 0.45. Good Times Restaurants has a 52-week low of $1.10 and a 52-week high of $2.09. The business’s fifty day simple moving average is $1.22 and its two-hundred day simple moving average is $1.27. The company has a market capitalization of $13.56 million, a PE ratio of 12.85 and a beta of 0.65.

Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly earnings data on Thursday, February 5th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter. Good Times Restaurants had a return on equity of 4.58% and a net margin of 0.75%.The business had revenue of $32.71 million during the quarter.

Hedge Funds Weigh In On Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC raised its stake in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 4.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 1.46% of Good Times Restaurants worth $275,000 at the end of the most recent quarter. Institutional investors and hedge funds own 12.06% of the company’s stock.

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.