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

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 $1.28 and traded as high as $1.3299. Good Times Restaurants shares last traded at $1.28, with a volume of 82,418 shares.

Analysts Set New Price Targets

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

Good Times Restaurants Stock Performance

The business has a fifty day simple moving average of $1.21 and a two-hundred day simple moving average of $1.28. The company has a quick ratio of 0.36, a current ratio of 0.45 and a debt-to-equity ratio of 0.05. The company has a market cap of $13.52 million, a P/E ratio of 12.80 and a beta of 0.65.

Good Times Restaurants (NASDAQ:GTIM) last posted its earnings results on Thursday, February 5th. The restaurant operator reported $0.02 earnings per share for the quarter. Good Times Restaurants had a return on equity of 4.58% and a net margin of 0.75%.The company had revenue of $32.71 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC raised its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 4.8% during the second 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 acquiring an additional 6,975 shares during the quarter. Bridgeway Capital Management LLC owned approximately 1.46% of Good Times Restaurants worth $275,000 at the end of the most recent quarter. 12.06% of the stock is owned by institutional investors and hedge funds.

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.