Good Times Restaurants (NASDAQ:GTIM) Stock Passes Above 200-Day Moving Average – What’s Next?

Shares of Good Times Restaurants Inc. (NASDAQ:GTIM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.35 and traded as high as $1.54. Good Times Restaurants shares last traded at $1.53, with a volume of 29,299 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Good Times Restaurants from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Good Times Restaurants Stock Down 0.3%

The firm has a market capitalization of $15.89 million, a P/E ratio of 7.17 and a beta of 0.59. The company’s fifty day simple moving average is $1.48 and its 200 day simple moving average is $1.35. The company has a current ratio of 0.47, a quick ratio of 0.37 and a debt-to-equity ratio of 0.01.

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

Hedge Funds Weigh In On Good Times Restaurants

An institutional investor recently bought a new position in Good Times Restaurants stock. Gainline Financial Partners LLC bought a new position in Good Times Restaurants Inc. (NASDAQ:GTIM) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 48,250 shares of the restaurant operator’s stock, valued at approximately $68,000. Gainline Financial Partners LLC owned 0.46% of Good Times Restaurants as of its most recent filing with the SEC. 12.06% of the stock is owned by institutional investors and hedge funds.

About Good Times Restaurants

Good Times Restaurants Inc is a Colorado-based restaurant company that operates and franchises quick-service and full-service burger concepts in the United States. Its brands focus on made-to-order burgers, sandwiches, fries, frozen desserts and other casual dining offerings.

The company’s Good Times Burgers & Frozen Custard concept serves fresh, cooked-to-order burgers, chicken items, fries, shakes and frozen custard. The brand has historically operated primarily in Colorado and surrounding markets through a combination of company-owned and franchised restaurants.

Good Times Restaurants also owns Bad Daddy’s Burger Bar, a full-service restaurant concept known for gourmet burgers, sandwiches, salads, fries, beverages and a bar menu.