Good Times Restaurants Inc. (NASDAQ:GTIM – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.23 and traded as high as $1.32. Good Times Restaurants shares last traded at $1.31, with a volume of 4,356 shares trading hands.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Good Times Restaurants in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.
View Our Latest Report on Good Times Restaurants
Good Times Restaurants Stock Down 0.8%
Good Times Restaurants (NASDAQ:GTIM – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. Good Times Restaurants had a return on equity of 5.34% and a net margin of 1.32%.The firm had revenue of $33.23 million during the quarter, compared to the consensus estimate of $31.53 million.
Hedge Funds Weigh In On Good Times Restaurants
An institutional investor recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC increased its holdings in Good Times Restaurants Inc. (NASDAQ:GTIM – Free Report) by 4.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,813 shares of the restaurant operator’s stock after purchasing an additional 6,975 shares during the quarter. Bridgeway Capital Management LLC owned approximately 1.46% of Good Times Restaurants worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 12.06% of the company’s stock.
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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