Good Times Restaurants (NASDAQ:GTIM) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Good Times Restaurants Inc. (NASDAQ:GTIM) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.24 and traded as high as $1.26. Good Times Restaurants shares last traded at $1.26, with a volume of 44,558 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Good Times Restaurants in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Good Times Restaurants Trading Up 1.6%

The stock has a market cap of $13.31 million, a PE ratio of 7.41 and a beta of 0.65. The stock has a 50-day moving average price of $1.23 and a two-hundred day moving average price of $1.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.40 and a quick ratio of 0.31.

Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings data 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. The firm had revenue of $33.23 million during the quarter, compared to analyst estimates of $31.53 million. Good Times Restaurants had a return on equity of 5.34% and a net margin of 1.32%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Good Times Restaurants stock. Bridgeway Capital Management LLC lifted its holdings in Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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. 12.06% of the stock is currently owned by hedge funds and other institutional investors.

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.