Good Times Restaurants Inc. (NASDAQ:GTIM) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 61,200 shares, an increase of 49.3% from the August 30th total of 41,000 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 16,300 shares, the short-interest ratio is currently 3.8 days.
GTIM has been the topic of a number of recent research reports. ValuEngine upgraded Good Times Restaurants from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Maxim Group set a $6.00 price objective on Good Times Restaurants and gave the stock a “buy” rating in a research note on Friday, August 9th. Zacks Investment Research lowered Good Times Restaurants from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Stephens lifted their price target on Good Times Restaurants from $4.00 to $5.50 and gave the company an “overweight” rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $4.83.
Shares of GTIM remained flat at $$1.84 during midday trading on Friday. The stock had a trading volume of 13,629 shares, compared to its average volume of 16,411. Good Times Restaurants has a one year low of $1.46 and a one year high of $4.99. The company’s 50 day moving average price is $1.74 and its two-hundred day moving average price is $2.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.58 and a quick ratio of 0.44. The company has a market cap of $21.70 million, a PE ratio of -23.00 and a beta of 0.72.
Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). Good Times Restaurants had a negative net margin of 1.18% and a negative return on equity of 3.69%. The business had revenue of $29.46 million during the quarter. As a group, equities analysts forecast that Good Times Restaurants will post -0.16 EPS for the current year.
About Good Times Restaurants
Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. The company operates Good Times Burgers & Frozen Custard, a regional chain of quick service restaurants; and owns, operates, franchises, and licenses Bad Daddy's Burger Bar, a full service, upscale, ‘small box' restaurant concept.
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