Good Times Restaurants Inc. (NASDAQ:GTIM) Short Interest Update

Good Times Restaurants Inc. (NASDAQ:GTIM) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 27,386 shares, an increase of 124.6% from the August 15th total of 12,192 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 56,949 shares, the days-to-cover ratio is presently 0.5 days.

Good Times Restaurants Price Performance

NASDAQ:GTIM traded up $0.02 on Monday, reaching $1.52. 8,668 shares of the company’s stock traded hands, compared to its average volume of 38,649. The company has a quick ratio of 0.37, a current ratio of 0.47 and a debt-to-equity ratio of 0.01. The stock has a 50-day simple moving average of $1.46 and a 200-day simple moving average of $1.33. The firm has a market cap of $16.10 million, a PE ratio of 7.26 and a beta of 0.59. Good Times Restaurants has a 12 month low of $1.10 and a 12 month high of $2.09.

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

Institutional Investors Weigh In On Good Times Restaurants

A hedge fund recently raised its stake 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 its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,813 shares of the restaurant operator’s stock after purchasing an additional 6,975 shares during the quarter. Bridgeway Capital Management LLC owned 1.46% of Good Times Restaurants worth $275,000 as of its most recent SEC filing. 12.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Good Times Restaurants from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

About Good Times Restaurants

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.