Could Good Times Restaurants Inc. (GTIM) Change Direction After This Double Bottom Pattern

February 16, 2018 - By Maria Brooks

Investors sentiment decreased to 0.57 in Q3 2017. Its down 1.76, from 2.33 in 2017Q2. It dived, as 3 investors sold Good Times Restaurants Inc. shares while 4 reduced holdings. 4 funds opened positions while 0 raised stakes. 4.02 million shares or 0.81% less from 4.06 million shares in 2017Q2 were reported.
Royal National Bank & Trust Of Canada reported 0% in Good Times Restaurants Inc. (NASDAQ:GTIM). Blackrock Incorporated accumulated 68,058 shares. Verity Asset Mgmt reported 0.03% in Good Times Restaurants Inc. (NASDAQ:GTIM). Renaissance Technologies reported 13,900 shares. Macquarie Gru Limited holds 14,560 shares. California Public Employees Retirement has 0% invested in Good Times Restaurants Inc. (NASDAQ:GTIM) for 15,000 shares. Manatuck Hill Prtnrs Ltd Com holds 1.37% or 1.04 million shares. Northern Tru has invested 0% of its portfolio in Good Times Restaurants Inc. (NASDAQ:GTIM). Geode Mngmt Limited Liability Co holds 0% of its portfolio in Good Times Restaurants Inc. (NASDAQ:GTIM) for 56,983 shares. Vanguard Gp holds 0% or 232,022 shares. Morgan Stanley has 4,000 shares. Massachusetts-based Granite Point Cap Mgmt Limited Partnership has invested 0.16% in Good Times Restaurants Inc. (NASDAQ:GTIM).

Since September 18, 2017, it had 0 buys, and 1 sale for $19,953 activity.

The chart of Good Times Restaurants Inc. (GTIM) shows a double bottom with $2.54 target or 4.00 % below today’s $2.65 share price. The 6 months chart pattern indicates high risk for the $33.04 million company. It was reported on Feb, 16 by Finviz.com. If the $2.54 price target is reached, the company will be worth $1.32M less. Double bottoms are rare but powerful chart patterns.

The stock increased 1.92% or $0.05 during the last trading session, reaching $2.65. About 33,146 shares traded. Good Times Restaurants Inc. (NASDAQ:GTIM) has risen 20.21% since February 16, 2017 and is uptrending. It has outperformed by 3.51% the S&P500.

Good Times Restaurants Inc. (NASDAQ:GTIM) Ratings Coverage

Among 2 analysts covering Good Times Restaurants (NASDAQ:GTIM), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Good Times Restaurants had 3 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was upgraded by Zacks to “Sell” on Friday, August 14. Maxim Group maintained the shares of GTIM in report on Thursday, June 22 with “Buy” rating. Craig Hallum upgraded the stock to “Buy” rating in Tuesday, September 8 report.

More notable recent Good Times Restaurants Inc. (NASDAQ:GTIM) news were published by: Seekingalpha.com which released: “Good Times Restaurants’ (GTIM) CEO Boyd Hoback on Q4 2017 Results – Earnings …” on December 08, 2017, also Businesswire.com with their article: “Good Times Restaurants Inc. Hires New Chief Financial Officer” published on July 19, 2017, Seekingalpha.com published: “Good Times Restaurants: Insights From Q2’17” on July 09, 2017. More interesting news about Good Times Restaurants Inc. (NASDAQ:GTIM) were released by: Seekingalpha.com and their article: “Good Times Restaurants’ (GTIM) CEO Boyd Hoback on Q1 2018 Results – Earnings …” published on February 02, 2018 as well as Businesswire.com‘s news article titled: “Good Times to Announce First Quarter Results on February 1, 2018” with publication date: January 26, 2018.

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