Short Interest in Good Times Restaurants Inc. (NASDAQ:GTIM) Decreases By 22.3%

Good Times Restaurants Inc. (NASDAQ:GTIM) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 22,600 shares, a drop 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 trading volume of 13,800 shares, the days-to-cover ratio is currently 1.6 days.

Analysts Set New Price Targets

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

Good Times Restaurants Stock Performance

NASDAQ GTIM traded up $0.01 during trading hours on Tuesday, reaching $2.46. 8,852 shares of the company were exchanged, compared to its average volume of 14,477. The stock has a market capitalization of $26.18 million, a P/E ratio of 11.18 and a beta of 1.90. The company has a quick ratio of 0.33, a current ratio of 0.42 and a debt-to-equity ratio of 0.08. Good Times Restaurants has a 1 year low of $2.28 and a 1 year high of $3.45. The business’s 50 day simple moving average is $2.48 and its 200-day simple moving average is $2.65.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Good Times Restaurants by 11.6% in the 3rd quarter. Geode Capital Management LLC now owns 90,947 shares of the restaurant operator’s stock worth $247,000 after acquiring an additional 9,459 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Good Times Restaurants by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 85,760 shares of the restaurant operator’s stock worth $222,000 after purchasing an additional 4,754 shares during the period. Finally, Arcadia Wealth Management Inc. purchased a new position in shares of Good Times Restaurants in the fourth quarter worth about $129,000. Hedge funds and other institutional investors own 12.06% of the company’s stock.

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.