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

Shares of Good Times Restaurants Inc. (NASDAQ:GTIM) passed 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 changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Good Times Restaurants in a report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Good Times Restaurants currently has a consensus rating of “Sell”.

Good Times Restaurants Stock Up 1.4%

The firm has a 50 day simple moving average of $1.32 and a two-hundred day simple moving average of $1.25. 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 stock has a market cap of $15.21 million, a price-to-earnings ratio of 8.47 and a beta of 0.63.

Good Times Restaurants (NASDAQ:GTIM) last posted its earnings results on Thursday, May 7th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.05. The company had revenue of $33.23 million during the quarter, compared to analyst estimates 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

A hedge fund recently raised its stake in Good Times Restaurants stock. Bridgeway Capital Management LLC grew its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 4.8% during the 2nd quarter, according to the company in its most recent disclosure with the 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 about 1.46% of Good Times Restaurants worth $275,000 at the end of the most recent reporting period. 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.