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

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 $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.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Good Times Restaurants in a report on Tuesday. They issued a “strong-buy” rating for the company.

Good Times Restaurants Price Performance

The firm has a market capitalization of $28.31 million, a P/E ratio of 2.84 and a beta of 1.80. 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 stock has a fifty day moving average of $2.49 and a 200-day moving average of $2.55.

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

Institutional Trading of Good Times Restaurants

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Good Times Restaurants by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 417,076 shares of the restaurant operator’s stock worth $1,059,000 after buying an additional 6,215 shares during the period. Citadel Advisors LLC acquired a new position in shares of Good Times Restaurants during the 3rd quarter worth about $69,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Good Times Restaurants by 56.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 21,909 shares of the restaurant operator’s stock worth $48,000 after buying an additional 7,918 shares during the period. 12.06% of the stock is owned by institutional investors.

About Good Times Restaurants

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.