Good Times Restaurants (NASDAQ:GTIM) Issues Quarterly Earnings Results

Good Times Restaurants (NASDAQ:GTIM) posted its earnings results on Thursday. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter, FiscalAI reports. Good Times Restaurants had a return on equity of 4.57% and a net margin of 0.72%.The firm had revenue of $32.71 million during the quarter.

Good Times Restaurants Stock Down 4.1%

Shares of Good Times Restaurants stock traded down $0.05 during trading on Thursday, reaching $1.18. The stock had a trading volume of 58,510 shares, compared to its average volume of 35,233. The company has a current ratio of 0.37, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $12.46 million, a price-to-earnings ratio of 11.80 and a beta of 0.75. The stock has a fifty day moving average price of $1.23 and a two-hundred day moving average price of $1.43. Good Times Restaurants has a 52 week low of $1.10 and a 52 week high of $2.65.

Institutional Investors Weigh In On Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC grew its stake in Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,737 shares of the restaurant operator’s stock after acquiring an additional 9,924 shares during the period. Bridgeway Capital Management LLC owned 1.55% of Good Times Restaurants worth $269,000 at the end of the most recent quarter. Institutional investors own 12.06% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Good Times Restaurants in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average 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.