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

Good Times Restaurants Inc. (NASDAQ:GTIM) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 36,700 shares, an increase of 52.3% from the August 31st total of 24,100 shares. Based on an average trading volume of 17,600 shares, the short-interest ratio is currently 2.1 days. Approximately 0.5% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Good Times Restaurants in a research report on Monday, September 23rd. They set a “strong-buy” rating for the company.

Institutional Trading of Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Dimensional Fund Advisors LP grew its holdings in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 71.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,959 shares of the restaurant operator’s stock after acquiring an additional 26,980 shares during the period. Dimensional Fund Advisors LP owned 0.59% of Good Times Restaurants worth $164,000 as of its most recent SEC filing. Institutional investors own 12.06% of the company’s stock.

Good Times Restaurants Stock Performance

Good Times Restaurants stock opened at $2.74 on Friday. The business’s 50-day moving average price is $2.81 and its two-hundred day moving average price is $2.67. Good Times Restaurants has a 12-month low of $2.15 and a 12-month high of $3.45. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 0.03. The stock has a market cap of $30.15 million, a PE ratio of 45.67 and a beta of 1.88.

Good Times Restaurants (NASDAQ:GTIM) last released its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.12 earnings per share for the quarter. The company had revenue of $37.94 million for the quarter. Good Times Restaurants had a return on equity of 3.48% and a net margin of 0.80%.

About Good Times Restaurants

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.