Good Times Restaurants (NASDAQ:GTIM) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Good Times Restaurants Inc. (NASDAQ:GTIM) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.70 and traded as high as $2.94. Good Times Restaurants shares last traded at $2.94, with a volume of 1,722 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Good Times Restaurants in a research report on Friday. They set a “strong-buy” rating for the company.

Good Times Restaurants Stock Up 1.0 %

The firm has a 50-day moving average of $2.90 and a two-hundred day moving average of $2.70. The firm has a market cap of $32.35 million, a price-to-earnings ratio of 49.00 and a beta of 1.87. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03.

Good Times Restaurants (NASDAQ:GTIM) last issued 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 3.48% and a net margin of 0.80%. The company had revenue of $37.94 million during the quarter.

Institutional Trading of Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Dimensional Fund Advisors LP raised its stake in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 64,959 shares of the restaurant operator’s stock after purchasing an additional 26,980 shares during the quarter. Dimensional Fund Advisors LP owned 0.59% of Good Times Restaurants worth $164,000 as of its most recent filing with the SEC. 12.06% of the stock is owned by institutional investors and hedge funds.

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.