Good Times Restaurants Inc. (GTIM)’s Stock Formed A Several Months Double Bottom

February 21, 2018 - By Winifred Garcia

Investors sentiment decreased to 0.57 in Q3 2017. Its down 1.76, from 2.33 in 2017Q2. It dropped, 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.
Blackrock holds 0% or 68,058 shares. California Pub Employees Retirement Systems invested 0% of its portfolio in Good Times Restaurants Inc. (NASDAQ:GTIM). Vanguard Gp invested in 232,022 shares or 0% of the stock. Macquarie Gp invested in 0% or 14,560 shares. Morgan Stanley reported 0% in Good Times Restaurants Inc. (NASDAQ:GTIM). Renaissance Limited Liability holds 0% or 13,900 shares in its portfolio. The Massachusetts-based Geode Mngmt has invested 0% in Good Times Restaurants Inc. (NASDAQ:GTIM). Granite Point Capital Mngmt Ltd Partnership owns 273,050 shares for 0.16% of their portfolio. Verity Asset Management Inc holds 0.03% of its portfolio in Good Times Restaurants Inc. (NASDAQ:GTIM) for 11,542 shares. Northern Trust holds 21,131 shares. Royal Bancorporation Of Canada owns 0% invested in Good Times Restaurants Inc. (NASDAQ:GTIM) for 9 shares. 1.04M are held by Manatuck Hill Ptnrs Ltd.

Since September 18, 2017, it had 1 buying transaction, and 1 insider sale for $15,027 activity. The insider KNUTSON SUSAN M sold 7,674 shares worth $19,953.

The chart of Good Times Restaurants Inc. (GTIM) shows a double bottom with $2.47 target or 5.00 % below today’s $2.60 share price. The 5 months chart pattern indicates high risk for the $32.42 million company. It was reported on Feb, 21 by Finviz.com. If the $2.47 price target is reached, the company will be worth $1.62M less. Double bottoms are rare but powerful chart patterns.

It closed at $2.6 lastly. It is down 20.21% since February 21, 2017 and is uptrending. It has outperformed by 3.51% the S&P500.

Analysts await Good Times Restaurants Inc. (NASDAQ:GTIM) to report earnings on May, 9. They expect $-0.04 earnings per share, up 33.33 % or $0.02 from last year’s $-0.06 per share. After $-0.05 actual earnings per share reported by Good Times Restaurants Inc. for the previous quarter, Wall Street now forecasts -20.00 % EPS growth.

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. Zacks upgraded the stock to “Sell” rating in Friday, August 14 report. Maxim Group maintained the stock with “Buy” rating in Thursday, June 22 report. On Tuesday, September 8 the stock rating was upgraded by Craig Hallum to “Buy”.

More notable recent Good Times Restaurants Inc. (NASDAQ:GTIM) news were published by: Businesswire.com which released: “Good Times Restaurants Inc. Expands Debt Facility to $12M” on September 12, 2017, also Seekingalpha.com with their article: “Good Times Restaurants’ (GTIM) CEO Boyd Hoback on Q4 2017 Results – Earnings …” published on December 08, 2017, Businesswire.com published: “Good Times Restaurants Reports Fiscal 2017 Q4 Same Store Sales and the Opening …” on October 02, 2017. More interesting news about Good Times Restaurants Inc. (NASDAQ:GTIM) were released by: Businesswire.com and their article: “Good Times Restaurants Reports Fiscal 2018 Q1 Same Store Sales” published on January 03, 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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