Good Times Restaurants (NASDAQ:GTIM) Shares Break Above 200 Day Moving Average – Time to Sell?

Good Times Restaurants Inc. (NASDAQ:GTIM) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $1.38 and traded as high as $1.46. Good Times Restaurants shares last traded at $1.44, with a volume of 45,194 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings raised Good Times Restaurants from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, September 16th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has an average rating of “Sell”.

Good Times Restaurants Price Performance

The company has a market capitalization of $14.57 million, a P/E ratio of 6.57 and a beta of 0.60. The business’s 50-day moving average is $1.50 and its two-hundred day moving average is $1.38. The company has a quick ratio of 0.37, a current ratio of 0.47 and a debt-to-equity ratio of 0.01.

Good Times Restaurants (NASDAQ:GTIM) last released its earnings results on Thursday, August 6th. The restaurant operator reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.22. Good Times Restaurants had a net margin of 1.65% and a return on equity of 6.47%. The firm had revenue of $35.17 million for the quarter, compared to analysts’ expectations of $31.53 million.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Good Times Restaurants stock. Gainline Financial Partners LLC purchased a new position in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 48,250 shares of the restaurant operator’s stock, valued at approximately $68,000. Gainline Financial Partners LLC owned approximately 0.46% of Good Times Restaurants as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 12.06% of the company’s stock.

Good Times Restaurants Company Profile

Good Times Restaurants Inc is a restaurant company that owns, operates and franchises two quick-service and full-service restaurant concepts: Good Times Burgers & Frozen Custard and Bad Daddy’s Burger Bar.

Good Times Burgers & Frozen Custard serves made-to-order burgers, chicken sandwiches, fries, frozen custard desserts, shakes and other beverages. The brand is primarily associated with locations in Colorado and emphasizes fresh, customizable menu items and drive-through service.

Bad Daddy’s Burger Bar offers chef-inspired burgers, sandwiches, salads, fries, appetizers, desserts and alcoholic beverages in a casual dining setting.