Good Times Restaurants (NASDAQ:GTIM) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Good Times Restaurants Inc. (NASDAQ:GTIM)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.68 and traded as high as $2.79. Good Times Restaurants shares last traded at $2.70, with a volume of 12,202 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Good Times Restaurants in a research note on Wednesday. They issued a “strong-buy” rating on the stock.

Good Times Restaurants Price Performance

The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 0.03. The company’s fifty day moving average price is $2.84 and its 200 day moving average price is $2.68. The company has a market capitalization of $31.80 million, a P/E ratio of 46.17 and a beta of 1.87.

Good Times Restaurants (NASDAQ:GTIM) last posted its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.12 EPS for the quarter. The firm had revenue of $37.94 million for the quarter. Good Times Restaurants had a return on equity of 3.48% and a net margin of 0.80%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Good Times Restaurants stock. Dimensional Fund Advisors LP increased its holdings in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,959 shares of the restaurant operator’s stock after buying an additional 26,980 shares during the quarter. Dimensional Fund Advisors LP owned 0.59% of Good Times Restaurants worth $164,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 12.06% of the company’s stock.

Good Times Restaurants Company Profile

Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. It operates and franchises Good Times Burgers & Frozen Custard, an upscale quick-service drive-through dining restaurant; and owns, operates, franchises, and licenses Bad Daddy's Burger Bar, a full-service upscale casual dining restaurant.