Good Times Restaurants Inc. (NASDAQ:GTIM) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 61,200 shares, a growth of 49.3% from the August 30th total of 41,000 shares. Based on an average daily volume of 16,300 shares, the short-interest ratio is presently 3.8 days. Currently, 0.5% of the company’s stock are sold short.
Several brokerages recently commented on GTIM. ValuEngine raised Good Times Restaurants from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Maxim Group set a $6.00 price target on Good Times Restaurants and gave the company a “buy” rating in a research report on Friday, August 9th. Stephens increased their price target on Good Times Restaurants from $4.00 to $5.50 and gave the company an “overweight” rating in a research report on Monday, August 12th. Finally, Zacks Investment Research cut Good Times Restaurants from a “hold” rating to a “sell” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $4.83.
NASDAQ GTIM remained flat at $$1.84 during trading hours on Friday. The company had a trading volume of 13,629 shares, compared to its average volume of 16,411. The stock has a fifty day simple moving average of $1.74 and a 200-day simple moving average of $2.00. Good Times Restaurants has a 1 year low of $1.46 and a 1 year high of $4.99. The company has a quick ratio of 0.44, a current ratio of 0.58 and a debt-to-equity ratio of 0.33. The stock 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 EPS for the quarter, missing the 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 company had revenue of $29.46 million for the quarter. As a group, research analysts forecast that Good Times Restaurants will post -0.16 EPS for the current fiscal year.
Good Times Restaurants Company Profile
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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