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

Good Times Restaurants Inc. (NASDAQ:GTIM)’s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $1.36 and traded as high as $1.5050. Good Times Restaurants shares last traded at $1.4950, with a volume of 38,938 shares changing hands.

Wall Street Analysts Forecast Growth

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

Good Times Restaurants Stock Up 0.3%

The firm has a 50-day moving average price of $1.49 and a 200 day moving average price of $1.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.47 and a quick ratio of 0.37. The company has a market cap of $15.89 million, a price-to-earnings ratio of 7.17 and a beta of 0.60.

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

Hedge Funds Weigh In On Good Times Restaurants

An institutional investor recently bought a new stake in Good Times Restaurants stock. Gainline Financial Partners LLC purchased a new stake in Good Times Restaurants Inc. (NASDAQ:GTIM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 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 at the end of the most recent quarter. 12.06% of the stock is owned by hedge funds and other institutional investors.

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.