Good Times Restaurants Inc. (NASDAQ:GTIM) Short Interest Update

Good Times Restaurants Inc. (NASDAQ:GTIM) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 27,409 shares, a drop of 40.2% from the June 15th total of 45,828 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 30,407 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Good Times Restaurants stock. Bridgeway Capital Management LLC grew its holdings in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 4.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 153,813 shares of the restaurant operator’s stock after purchasing an additional 6,975 shares during the period. Bridgeway Capital Management LLC owned approximately 1.46% of Good Times Restaurants worth $275,000 at the end of the most recent reporting period. 12.06% of the stock is owned by hedge funds and other institutional investors.

Good Times Restaurants Stock Performance

GTIM traded down $0.01 during trading on Thursday, reaching $1.40. 623 shares of the company were exchanged, compared to its average volume of 32,094. The stock has a market cap of $14.78 million, a P/E ratio of 8.24 and a beta of 0.63. The firm has a 50 day moving average of $1.33 and a 200 day moving average of $1.25. The company has a current ratio of 0.40, a quick ratio of 0.31 and a debt-to-equity ratio of 0.03. Good Times Restaurants has a 52 week low of $1.10 and a 52 week high of $2.09.

Good Times Restaurants (NASDAQ:GTIM) last released its quarterly earnings results 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. Good Times Restaurants had a return on equity of 5.34% and a net margin of 1.32%.The company had revenue of $33.23 million for the quarter, compared to analysts’ expectations of $31.53 million.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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, According to data from MarketBeat, Good Times Restaurants presently has a consensus rating of “Sell”.

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.