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

Good Times Restaurants Inc. (NASDAQ:GTIM)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Good Times Restaurants in a research report on Friday. They issued a “strong-buy” rating on the stock.

Good Times Restaurants Stock 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 stock has a market cap of $35.87 million, a price-to-earnings ratio of 54.33 and a beta of 1.86. The company’s 50-day simple moving average is $2.66 and its 200-day simple moving average is $2.60.

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

Hedge Funds Weigh In On Good Times Restaurants

A hedge fund recently raised its stake in Good Times Restaurants stock. Dimensional Fund Advisors LP increased its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the second quarter, according to its most recent 13F 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 period. Dimensional Fund Advisors LP owned about 0.59% of Good Times Restaurants worth $164,000 at the end of the most recent reporting period. 12.06% of the stock is owned by institutional investors.

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.