Good Times Restaurants (NASDAQ:GTIM) Stock Crosses Above 200 Day Moving Average of $2.55

Shares of Good Times Restaurants Inc. (NASDAQ:GTIM) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.55 and traded as high as $2.60. Good Times Restaurants shares last traded at $2.53, with a volume of 12,496 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Good Times Restaurants in a research note on Tuesday. They set a “strong-buy” rating for the company.

Good Times Restaurants Stock Up 0.8 %

The business’s 50-day moving average price is $2.50 and its 200-day moving average price is $2.55. The company has a quick ratio of 0.36, a current ratio of 0.45 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $27.86 million, a PE ratio of 2.80 and a beta of 1.80.

Good Times Restaurants (NASDAQ:GTIM) last posted its quarterly earnings results on Wednesday, January 31st. The restaurant operator reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $33.13 million during the quarter. Good Times Restaurants had a return on equity of 2.13% and a net margin of 7.73%.

Hedge Funds Weigh In On Good Times Restaurants

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Good Times Restaurants by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 417,076 shares of the restaurant operator’s stock valued at $1,059,000 after acquiring an additional 6,215 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Good Times Restaurants by 56.6% during the third quarter. Dimensional Fund Advisors LP now owns 21,909 shares of the restaurant operator’s stock valued at $48,000 after acquiring an additional 7,918 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in Good Times Restaurants during the third quarter valued at approximately $69,000. 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.