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

Good Times Restaurants Inc. (NASDAQ:GTIM)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.24 and traded as high as $1.26. Good Times Restaurants shares last traded at $1.26, with a volume of 44,558 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Good Times Restaurants in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Good Times Restaurants Trading Up 1.6%

The stock has a market capitalization of $13.41 million, a price-to-earnings ratio of 7.47 and a beta of 0.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.40 and a quick ratio of 0.31. The business’s 50-day simple moving average is $1.23 and its two-hundred day simple moving average is $1.24.

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

Institutional Investors Weigh In On Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC lifted its position in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 about 1.46% of Good Times Restaurants worth $275,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 12.06% of the company’s stock.

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.