Acadian Asset Management LLC Sells 11,188 Shares of Good Times Restaurants Inc. (NASDAQ:GTIM)

Acadian Asset Management LLC trimmed its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 30.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,356 shares of the restaurant operator’s stock after selling 11,188 shares during the period. Acadian Asset Management LLC owned approximately 0.23% of Good Times Restaurants worth $63,000 at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Good Times Restaurants in a report on Sunday, September 15th. They issued a “strong-buy” rating on the stock.

Good Times Restaurants Price Performance

NASDAQ:GTIM opened at $3.20 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.47. The stock’s 50-day simple moving average is $2.79 and its 200 day simple moving average is $2.66. The company has a market cap of $35.21 million, a P/E ratio of 53.33 and a beta of 1.88. Good Times Restaurants Inc. has a 52-week low of $2.15 and a 52-week high of $3.45.

Good Times Restaurants (NASDAQ:GTIM) last released its earnings results on Thursday, August 1st. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $37.94 million for the quarter. Good Times Restaurants had a return on equity of 3.48% and a net margin of 0.80%.

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.