Good Times Restaurants Inc. (NASDAQ:GTIM) Sees Large Growth in Short Interest

Good Times Restaurants Inc. (NASDAQ:GTIMGet Free Report) was the recipient of a significant increase in short interest in 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. Based on an average daily volume of 56,949 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered 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.com, the stock presently has a consensus rating of “Sell”.

View Our Latest Stock Report on Good Times Restaurants

Institutional Inflows and Outflows

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

Good Times Restaurants Trading Down 0.7%

GTIM stock traded down $0.01 during trading on Tuesday, reaching $1.50. 33,937 shares of the stock traded hands, compared to its average volume of 38,814. The firm has a market capitalization of $15.84 million, a PE ratio of 7.14 and a beta of 0.59. 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 business’s 50 day moving average price is $1.47 and its 200-day moving average price is $1.33. Good Times Restaurants has a 52-week low of $1.10 and a 52-week high of $2.09.

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

Good Times Restaurants Company Profile

(Get Free Report)

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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