Good Times Restaurants Inc. (NASDAQ:GTIM) Short Interest Update

Good Times Restaurants Inc. (NASDAQ:GTIM) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 22,600 shares, a decline of 22.3% from the February 13th total of 29,100 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 13,800 shares, the short-interest ratio is presently 1.6 days.

Good Times Restaurants Stock Performance

Shares of GTIM traded up $0.02 during trading hours on Wednesday, hitting $2.48. The stock had a trading volume of 1,236 shares, compared to its average volume of 14,424. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.33 and a current ratio of 0.42. The firm has a 50-day moving average price of $2.48 and a 200 day moving average price of $2.65. Good Times Restaurants has a fifty-two week low of $2.28 and a fifty-two week high of $3.45. The firm has a market capitalization of $26.34 million, a price-to-earnings ratio of 11.25 and a beta of 1.90.

Good Times Restaurants (NASDAQ:GTIM) last posted its earnings results on Thursday, February 6th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter. Good Times Restaurants had a net margin of 1.60% and a return on equity of 7.11%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Good Times Restaurants in a research note on Tuesday. They issued a “strong-buy” rating for the company.

Hedge Funds Weigh In On Good Times Restaurants

Large investors have recently added to or reduced their stakes in the stock. Arcadia Wealth Management Inc. acquired a new position in Good Times Restaurants during the fourth quarter worth $129,000. Dimensional Fund Advisors LP grew its holdings in shares of Good Times Restaurants by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 85,760 shares of the restaurant operator’s stock valued at $222,000 after purchasing an additional 4,754 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Good Times Restaurants by 11.6% in the third quarter. Geode Capital Management LLC now owns 90,947 shares of the restaurant operator’s stock valued at $247,000 after purchasing an additional 9,459 shares during the period. 12.06% of the stock is currently owned by institutional investors and hedge funds.

Good Times Restaurants Company Profile

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.