Good Times Restaurants Inc. (NASDAQ:GTIM) Sees Large Decrease in Short Interest

Good Times Restaurants Inc. (NASDAQ:GTIM) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 27,409 shares, a decrease of 40.2% from the June 15th total of 45,828 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 30,407 shares, the days-to-cover ratio is currently 0.9 days.

Analyst Upgrades and Downgrades

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

Institutional Trading of Good Times Restaurants

A hedge fund recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC lifted its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 4.8% in the second quarter, according to its most recent Form 13F filing 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 1.46% of Good Times Restaurants worth $275,000 at the end of the most recent quarter. Institutional investors own 12.06% of the company’s stock.

Good Times Restaurants Stock Performance

Shares of NASDAQ GTIM remained flat at $1.40 during mid-day trading on Friday. 28,786 shares of the stock were exchanged, compared to its average volume of 27,284. The firm has a market cap of $14.78 million, a PE ratio of 8.24 and a beta of 0.63. Good Times Restaurants has a 12-month low of $1.10 and a 12-month high of $2.09. The stock’s 50 day moving average price is $1.34 and its 200-day moving average price is $1.25. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.31 and a current ratio of 0.40.

Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 1.32% and a return on equity of 5.34%.

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.