Good Times Restaurants Inc. (NASDAQ:GTIM – Get Free Report) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 24,100 shares, a drop of 14.8% from the August 15th total of 28,300 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 17,000 shares, the short-interest ratio is currently 1.4 days.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on shares of Good Times Restaurants in a research report on Sunday. They set a “strong-buy” rating on the stock.
Read Our Latest Report on GTIM
Hedge Funds Weigh In On Good Times Restaurants
Good Times Restaurants Price Performance
Shares of GTIM stock traded down $0.05 on Wednesday, hitting $2.81. 30,410 shares of the stock traded hands, compared to its average volume of 18,978. The firm has a market cap of $30.92 million, a price-to-earnings ratio of 46.83 and a beta of 1.88. Good Times Restaurants has a 52 week low of $2.15 and a 52 week high of $3.45. The firm has a 50 day simple moving average of $2.77 and a two-hundred day simple moving average of $2.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.47 and a quick ratio of 0.38.
Good Times Restaurants (NASDAQ:GTIM – Get Free Report) last posted its earnings results on Thursday, August 1st. The restaurant operator reported $0.12 earnings per share for the quarter. The company had revenue of $37.94 million during the quarter. Good Times Restaurants had a net margin of 0.80% and a return on equity of 3.48%.
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.
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