Good Times Restaurants Inc. (NASDAQ:GTIM) Sees Significant Drop in Short Interest

Good Times Restaurants Inc. (NASDAQ:GTIM) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 12,192 shares, a decline of 67.0% from the July 30th total of 36,988 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 122,788 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Good Times Restaurants from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Good Times Restaurants has a consensus rating of “Sell”.

Good Times Restaurants Price Performance

GTIM opened at $1.50 on Friday. The firm has a market capitalization of $15.84 million, a P/E ratio of 7.14 and a beta of 0.62. Good Times Restaurants has a one year low of $1.10 and a one year high of $2.09. The company has a fifty day moving average price of $1.44 and a 200-day moving average price of $1.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.47 and a quick ratio of 0.37.

Good Times Restaurants (NASDAQ:GTIM) last posted its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.22. Good Times Restaurants had a return on equity of 6.47% and a net margin of 1.65%.The company had revenue of $35.17 million during the quarter, compared to analyst estimates of $31.53 million.

Hedge Funds Weigh In On Good Times Restaurants

An institutional investor recently bought a new stake in Good Times Restaurants stock. Gainline Financial Partners LLC purchased a new position in Good Times Restaurants Inc. (NASDAQ:GTIM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 48,250 shares of the restaurant operator’s stock, valued at approximately $68,000. Gainline Financial Partners LLC owned about 0.46% of Good Times Restaurants at the end of the most recent reporting period. 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.