Good Times Restaurants (NASDAQ:GTIM) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Good Times Restaurants Inc. (NASDAQ:GTIM) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.24 and traded as high as $1.4150. Good Times Restaurants shares last traded at $1.41, with a volume of 11,242 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Good Times Restaurants in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Good Times Restaurants Stock Performance

The firm has a fifty day moving average of $1.30 and a 200-day moving average of $1.24. The firm has a market cap of $15.42 million, a P/E ratio of 8.59 and a beta of 0.62. The company has a quick ratio of 0.31, a current ratio of 0.40 and a debt-to-equity ratio of 0.03.

Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $0.01 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $33.23 million during the quarter, compared to analysts’ expectations of $31.53 million.

Institutional Trading of Good Times Restaurants

A hedge fund recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC grew its stake in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 163,737 shares of the restaurant operator’s stock after buying an additional 9,924 shares during the period. Bridgeway Capital Management LLC owned approximately 1.55% of Good Times Restaurants worth $269,000 as of its most recent filing with the Securities and Exchange Commission. 12.06% of the stock is owned by institutional investors and hedge funds.

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.