Good Times Restaurants (NASDAQ:GTIM) Shares Cross Above 200 Day Moving Average – What’s Next?

Good Times Restaurants Inc. (NASDAQ:GTIM)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.23 and traded as high as $1.31. Good Times Restaurants shares last traded at $1.29, with a volume of 76,540 shares.

Wall Street Analyst Weigh In

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

Good Times Restaurants Stock Performance

The stock’s 50 day moving average price is $1.24 and its 200 day moving average price is $1.23. The company has a current ratio of 0.40, a quick ratio of 0.31 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $13.62 million, a price-to-earnings ratio of 7.59 and a beta of 0.65.

Good Times Restaurants (NASDAQ:GTIM) last posted its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. Good Times Restaurants had a net margin of 1.32% and a return on equity of 5.34%. The company had revenue of $33.23 million during the quarter, compared to the consensus estimate of $31.53 million.

Institutional Investors Weigh In On Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC boosted its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 4.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 153,813 shares of the restaurant operator’s stock after purchasing an additional 6,975 shares during the period. Bridgeway Capital Management LLC owned about 1.46% of Good Times Restaurants worth $275,000 as of its most recent filing with the SEC. Institutional investors own 12.06% of the company’s stock.

Good Times Restaurants Company Profile

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.