The stock is trading at $3.10 which is marginally higher than the 50 day moving average of $2.91 and slightly below the 200 day moving average of $3.20. The 50 day moving average was up $0.19 whereas the 200 day average was down by -3.21%. Trading volume for Good Times Restaurants Inc. was 204 in the last trading session. Overall, volume was down 97.44% under the stocks normal daily volume.
Investors are feeling more bullish on shares of the company recently considering the fall in short interest. The firm had a fall in short interest from September 15, 2017 to September 29, 2017 of -12.49%. Short interest decreased from 73,866 to 64,642 over that period. With short interest at 64,642 and short average daily volume at 24,319, days to cover is 3.0 and the percentage of shorted shares is 0.01% as of September 29.
There has been some buying and selling insider activity on Good Times Restaurants Inc. (NASDAQ:GTIM) recently. Charles E. Jobson, Director acquired $3,920 worth of shares at an average price of $2.80 on Fri the 18th. That brings Jobson’s holdings to $6,359,433 as recorded in a recent Form 4 SEC filing. Susan M. Knutson, Controller reported the sale of 7,674 shares of GTIM stock. The shares were purchased at an average price of $2.60. Knutson now owns $31,814 of the stock according to the SEC filing.
A few notable investment firms have updated their holdings. Df Dent & Co Inc bolstered its stake by buying 6 shares an increase of 0.0% from 03/31/2017 to 06/30/2017. Df Dent & Co Inc owns 32,062 shares worth $114,000. The value of the position overall is up by 12.9%. Blackrock Inc. trimmed its holdings by shedding 24,354 shares a decrease of 93.9% as of 06/30/2017. Blackrock Inc. controls 1,582 shares valued at $6,000. The total value of its holdings decreased 92.7%.
As of the end of the quarter Ubs Group Ag had acquired 802 shares growing its stake by 75.0%. The value of the investment in Good Times Restaurants Inc. went from $3,000 to $7,000 a change of 133.3% for the reporting period. As of quarter end Granite Point Capital Management, L.p. had bought a total of 16,300 shares growing its holdings by 6.3%. The value of the investment in GTIM increased from $809,000 to $969,000 increasing 19.8% quarter over quarter.
As of the latest earnings report the EPS was $-0.14 and is estimated to be $-0.19 for the current year with 12,427,000 shares now outstanding. Next quarter’s EPS is forecasted to be $-0.07 with next year’s EPS projected to be $-0.15.
Good Times Restaurants Inc., launched on October 6, 1987, operates and franchises Good Times Burgers & Frozen Custard (Good Times) restaurants and Bad Daddy’s Burger Bar concept (Bad Daddy’s). The Company operates through two segments: Good Times Burgers and Frozen Custard restaurants, and Bad Daddy’s Burger Bar restaurants. The Company operates through its subsidiaries, Good Times Drive Thru, Inc., BD of Colorado, LLC, Bad Daddy’s Franchise Development, LLC and Bad Daddy’s International, LLC..