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

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Good Times Restaurants Inc. (NASDAQ:GTIM) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 50,900 shares, a growth of 16.5% from the July 31st total of 43,700 shares. Based on an average trading volume of 23,300 shares, the short-interest ratio is currently 2.2 days. Currently, 0.4% of the shares of the stock are short sold.

NASDAQ:GTIM traded down $0.09 during trading hours on Friday, reaching $1.75. 12,845 shares of the company were exchanged, compared to its average volume of 13,129. The company has a current ratio of 0.58, a quick ratio of 0.44 and a debt-to-equity ratio of 0.33. The stock’s 50-day moving average is $1.85 and its 200-day moving average is $2.13. The firm has a market cap of $22.45 million, a PE ratio of -21.88 and a beta of 0.56. Good Times Restaurants has a twelve month low of $1.68 and a twelve month high of $5.10.

Good Times Restaurants (NASDAQ:GTIM) last posted its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). The company had revenue of $29.46 million for the quarter. Good Times Restaurants had a negative return on equity of 3.69% and a negative net margin of 1.18%. As a group, research analysts anticipate that Good Times Restaurants will post -0.16 EPS for the current year.

A number of research firms have weighed in on GTIM. Zacks Investment Research cut shares of Good Times Restaurants from a “hold” rating to a “sell” rating in a research report on Thursday. ValuEngine cut shares of Good Times Restaurants from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Maxim Group set a $6.00 price objective on shares of Good Times Restaurants and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Stephens upped their price objective on shares of Good Times Restaurants from $4.00 to $5.50 and gave the stock an “overweight” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $4.83.

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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