Good Times Restaurants Inc. (NASDAQ:GTIM) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 46,400 shares, a growth of 6.4% from the May 30th total of 43,600 shares. Based on an average daily volume of 24,900 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.4% of the shares of the company are sold short.
Shares of GTIM opened at $1.97 on Wednesday. The company has a market capitalization of $25.56 million, a price-to-earnings ratio of -24.63 and a beta of 0.68. The company has a 50-day moving average of $1.95. Good Times Restaurants has a fifty-two week low of $1.71 and a fifty-two week high of $5.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.61.
Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings data on Thursday, May 9th. The restaurant operator reported ($0.04) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). Good Times Restaurants had a negative net margin of 1.44% and a negative return on equity of 4.25%. The company had revenue of $27.17 million for the quarter. As a group, sell-side analysts expect that Good Times Restaurants will post -0.09 EPS for the current year.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $5.17.
About Good Times Restaurants
Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. The company operates Good Times Burgers & Frozen Custard, a regional chain of quick service restaurants; and owns, operates, franchises, and licenses Bad Daddy's Burger Bar, a full service, upscale, ?small box' restaurant concept.
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