Good Times Restaurants (NASDAQ:GTIM) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Good Times Restaurants Inc. (NASDAQ:GTIM)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.23 and traded as high as $1.28. Good Times Restaurants shares last traded at $1.26, with a volume of 17,198 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Good Times Restaurants in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Good Times Restaurants Stock Performance

The business’s fifty day moving average price is $1.27 and its two-hundred day moving average price is $1.23. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.31 and a current ratio of 0.40. The stock has a market capitalization of $13.52 million, a P/E ratio of 7.53 and a beta of 0.64.

Good Times Restaurants (NASDAQ:GTIM) last posted its 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. Good Times Restaurants had a net margin of 1.32% and a return on equity of 5.34%. The firm had revenue of $33.23 million for the quarter, compared to the consensus estimate of $31.53 million.

Institutional Trading of Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Bridgeway Capital Management LLC boosted its position in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 163,737 shares of the restaurant operator’s stock after purchasing an additional 9,924 shares during the period. Bridgeway Capital Management LLC owned about 1.55% of Good Times Restaurants worth $269,000 as of its most recent SEC filing. 12.06% of the stock is currently owned by institutional investors and hedge funds.

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.