Good Times Restaurants Inc. (NASDAQ:GTIM) Sees Significant Decrease in Short Interest

Good Times Restaurants Inc. (NASDAQ:GTIM) saw a significant drop in short interest in 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. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 13,800 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Trading of Good Times Restaurants

Several hedge funds have recently added to or reduced their stakes in the company. Arcadia Wealth Management Inc. acquired a new stake in Good Times Restaurants in the fourth quarter valued at approximately $129,000. Dimensional Fund Advisors LP raised its holdings in 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 acquiring an additional 4,754 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in 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 acquiring an additional 9,459 shares in the last quarter. Institutional investors and hedge funds own 12.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Good Times Restaurants in a research report on Monday, March 10th. They set a “strong-buy” rating on the stock.

Good Times Restaurants Stock Up 0.4 %

Shares of GTIM traded up $0.01 during mid-day trading on Monday, hitting $2.43. 26,437 shares of the company’s stock were exchanged, compared to its average volume of 13,078. The company has a market cap of $25.86 million, a price-to-earnings ratio of 11.05 and a beta of 1.90. Good Times Restaurants has a fifty-two week low of $2.28 and a fifty-two week high of $3.45. 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 stock’s 50-day moving average is $2.48 and its 200-day moving average is $2.66.

Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly 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%.

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.