Good Times Restaurants Inc. (NASDAQ:GTIM) Short Interest Down 67.0% in August

Good Times Restaurants Inc. (NASDAQ:GTIM) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 12,192 shares, a decline of 67.0% from the July 30th total of 36,988 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 122,788 shares, the short-interest ratio is currently 0.1 days.

Good Times Restaurants Price Performance

Good Times Restaurants stock remained flat at $1.50 during trading hours on Friday. 28,666 shares of the company’s stock traded hands, compared to its average volume of 39,045. Good Times Restaurants has a 52-week low of $1.10 and a 52-week high of $2.09. The company has a market cap of $15.84 million, a price-to-earnings ratio of 7.14 and a beta of 0.62. The firm’s fifty day moving average price is $1.44 and its 200-day moving average price is $1.31. The company has a current ratio of 0.47, a quick ratio of 0.37 and a debt-to-equity ratio of 0.01.

Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.22. The company had revenue of $35.17 million during the quarter, compared to analyst estimates of $31.53 million. Good Times Restaurants had a net margin of 1.65% and a return on equity of 6.47%.

Institutional Investors Weigh In On Good Times Restaurants

An institutional investor recently raised its stake in Good Times Restaurants stock. Bridgeway Capital Management LLC boosted its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 4.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 153,813 shares of the restaurant operator’s stock after purchasing an additional 6,975 shares during the period. Bridgeway Capital Management LLC owned approximately 1.46% of Good Times Restaurants worth $275,000 as of its most recent SEC filing. 12.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised Good Times Restaurants from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Good Times Restaurants Company Profile

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.