Good Times Restaurants (NASDAQ:GTIM) Stock Crosses Above 200 Day Moving Average – What’s Next?

Posted by Defense World Staff on Oct 9th, 2024

Good Times Restaurants Inc. (NASDAQ:GTIM – Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.68 and traded as high as $2.79. Good Times Restaurants shares last traded at $2.70, with a volume of 12,202 shares trading hands.

Analysts Set New Price Targets

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

Check Out Our Latest Report on Good Times Restaurants

Good Times Restaurants Trading Down 0.7 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.47 and a quick ratio of 0.38. The firm has a fifty day simple moving average of $2.84 and a two-hundred day simple moving average of $2.68. The firm has a market capitalization of $29.71 million, a P/E ratio of 45.00 and a beta of 1.87.

Good Times Restaurants (NASDAQ:GTIM – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.12 earnings per share 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.

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 holdings in Good Times Restaurants Inc. (NASDAQ:GTIM – Free Report) by 71.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,959 shares of the restaurant operator’s stock after buying an additional 26,980 shares during the period. Dimensional Fund Advisors LP owned 0.59% of Good Times Restaurants worth $164,000 as of its most recent SEC filing. Institutional investors own 12.06% of the company’s stock.

Good Times Restaurants Company Profile

(Get Free Report)

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.