Good Times Restaurants (NASDAQ:GTIM) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Good Times Restaurants Inc. (NASDAQ:GTIM) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.25 and traded as high as $1.45. Good Times Restaurants shares last traded at $1.42, with a volume of 19,874 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Good Times Restaurants in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Good Times Restaurants Stock Performance

The stock’s 50-day moving average price is $1.32 and its 200-day moving average price is $1.25. The company has a market capitalization of $15.00 million, a price-to-earnings ratio of 8.35 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.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Good Times Restaurants stock. Bridgeway Capital Management LLC increased its holdings in Good Times Restaurants Inc. (NASDAQ:GTIM) by 4.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,813 shares of the restaurant operator’s stock after buying 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 SEC filing. 12.06% of the stock is currently 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.