Good Times Restaurants (NASDAQ:GTIM) Stock Crosses Above 200 Day Moving Average of $2.60

Good Times Restaurants Inc. (NASDAQ:GTIM) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.60 and traded as high as $3.45. Good Times Restaurants shares last traded at $3.26, with a volume of 48,686 shares changing hands.

Wall Street Analyst Weigh In

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

Good Times Restaurants Price Performance

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 cap of $35.76 million, a P/E ratio of 54.17 and a beta of 1.86. The business has a fifty day moving average of $2.67 and a 200 day moving average of $2.60.

Good Times Restaurants (NASDAQ:GTIM) last posted its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.12 EPS for the quarter. Good Times Restaurants had a return on equity of 3.50% and a net margin of 0.80%. The business had revenue of $37.94 million during the quarter.

Institutional Investors Weigh In On Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Dimensional Fund Advisors LP raised its position in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,959 shares of the restaurant operator’s stock after acquiring an additional 26,980 shares during the period. Dimensional Fund Advisors LP owned approximately 0.59% of Good Times Restaurants worth $164,000 at the end of the most recent quarter. 12.06% of the stock is currently owned by institutional investors and hedge funds.

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.