Short Interest in Good Times Restaurants Inc. (NASDAQ:GTIM) Grows By 124.6%

Good Times Restaurants Inc. (NASDAQ:GTIM) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 27,386 shares, an increase of 124.6% from the August 15th total of 12,192 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 56,949 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Good Times Restaurants

An institutional investor recently bought a new stake in Good Times Restaurants stock. Gainline Financial Partners LLC bought a new position in Good Times Restaurants Inc. (NASDAQ:GTIM) during the second quarter, according to its most recent disclosure with the SEC. The firm 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 currently owned by hedge funds and other institutional investors.

Good Times Restaurants Price Performance

NASDAQ GTIM opened at $1.50 on Wednesday. The company has a 50-day moving average price of $1.47 and a 200-day moving average price of $1.34. Good Times Restaurants has a 52 week low of $1.10 and a 52 week high of $2.09. The company has a quick ratio of 0.37, a current ratio of 0.47 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $15.84 million, a P/E ratio of 7.14 and a beta of 0.59.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Good Times Restaurants from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus 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.