Good Times Restaurants (NASDAQ:GTIM) Shares Cross Above 200-Day Moving Average of $2.22

Good Times Restaurants Inc. (NASDAQ:GTIM) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.22 and traded as high as $1.92. Good Times Restaurants shares last traded at $1.88, with a volume of 1,443 shares traded.

GTIM has been the topic of a number of research reports. Stephens raised their target price 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. Zacks Investment Research raised shares of Good Times Restaurants from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Maxim Group set a $6.00 target price on shares of Good Times Restaurants and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, ValuEngine raised shares of Good Times Restaurants from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $4.83.

The company’s fifty day simple moving average is $1.93 and its 200-day simple moving average is $2.22. 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 firm has a market capitalization of $23.71 million, a PE ratio of -24.25 and a beta of 0.65.

Good Times Restaurants (NASDAQ:GTIM) last released 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 return on equity of 3.64% and a negative net margin of 1.18%. The firm had revenue of $29.46 million during the quarter. As a group, equities research analysts anticipate that Good Times Restaurants Inc. will post -0.09 earnings per share for the current fiscal year.

About Good Times Restaurants (NASDAQ:GTIM)

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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