Good Times Restaurants Inc. (NASDAQ:GTIM – Get Free Report) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 27,409 shares, a decline of 40.2% from the June 15th total of 45,828 shares. Based on an average daily trading volume, of 30,407 shares, the short-interest ratio is presently 0.9 days. Currently, 0.4% of the shares of the company are sold short.
Good Times Restaurants Trading Down 0.7%
Shares of NASDAQ GTIM traded down $0.01 during midday trading on Friday, reaching $1.39. 9,704 shares of the stock were exchanged, compared to its average volume of 31,957. The stock has a market capitalization of $14.68 million, a P/E ratio of 8.17 and a beta of 0.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.31 and a current ratio of 0.40. The company has a 50 day simple moving average of $1.33 and a 200 day simple moving average of $1.25. Good Times Restaurants has a twelve month low of $1.10 and a twelve month high of $2.09.
Good Times Restaurants (NASDAQ:GTIM – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $33.23 million during the quarter, compared to the consensus estimate of $31.53 million. Good Times Restaurants had a return on equity of 5.34% and a net margin of 1.32%.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on GTIM
Hedge Funds Weigh In On Good Times Restaurants
A hedge fund recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC lifted its stake in shares of Good Times Restaurants Inc. (NASDAQ:GTIM – Free Report) by 6.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 163,737 shares of the restaurant operator’s stock after purchasing an additional 9,924 shares during the quarter. Bridgeway Capital Management LLC owned about 1.55% of Good Times Restaurants worth $269,000 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 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.
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