Good Times Restaurants (NASDAQ:GTIM) Share Price Passes Above Two Hundred Day Moving Average of $2.64

Good Times Restaurants Inc. (NASDAQ:GTIM – Get Rating) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.64 and traded as high as $2.78. Good Times Restaurants shares last traded at $2.78, with a volume of 8,545 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Good Times Restaurants in a research report on Wednesday. They set a “strong-buy” rating for the company.

Good Times Restaurants Trading Down 0.4 %

The company has a market cap of $32.58 million, a P/E ratio of 3.39 and a beta of 2.02. The firm has a 50-day moving average of $2.66 and a 200 day moving average of $2.64.

Institutional Trading of Good Times Restaurants

Several large investors have recently modified their holdings of GTIM. Dimensional Fund Advisors LP boosted its holdings in Good Times Restaurants by 56.6% in the third quarter. Dimensional Fund Advisors LP now owns 21,909 shares of the restaurant operator’s stock worth $48,000 after acquiring an additional 7,918 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Good Times Restaurants in the 3rd quarter worth $69,000. Finally, Vanguard Group Inc. grew its position in Good Times Restaurants by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 393,683 shares of the restaurant operator’s stock worth $854,000 after purchasing an additional 8,371 shares in the last quarter. Institutional investors and hedge funds own 13.77% of the company’s stock.

Good Times Restaurants Company Profile

(Get Rating)

Good Times Restaurants, Inc engages in restaurant operation through its wholly owned restaurants: Good Times Drive Thru, Inc, BD of Colorado, LLC, Bad Daddy’s Franchise Development, LLC, and Bad Daddy’s International, LLC. It operates under the Good Times Burgers and Frozen Custard, and Bad Daddy’s Burger Bar restaurant segments.