Good Times Restaurants Inc. (GTIM) Director Purchases $11,220.00 in Stock
Good Times Restaurants Inc. (NASDAQ:GTIM) Director Robert J. Stetson purchased 4,400 shares of Good Times Restaurants stock in a transaction that occurred on Wednesday, September 20th. The shares were purchased at an average price of $2.55 per share, for a total transaction of $11,220.00. Following the transaction, the director now directly owns 101,586 shares in the company, valued at approximately $259,044.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Good Times Restaurants Inc. (GTIM) opened at 3.10 on Friday. The firm’s market cap is $38.52 million. The company’s 50 day moving average is $2.90 and its 200 day moving average is $3.21. Good Times Restaurants Inc. has a 52-week low of $2.50 and a 52-week high of $3.78.
Good Times Restaurants (NASDAQ:GTIM) last posted its earnings results on Thursday, August 10th. The restaurant operator reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.03). The firm had revenue of $21.70 million for the quarter, compared to the consensus estimate of $21.70 million. Good Times Restaurants had a negative return on equity of 4.44% and a negative net margin of 2.25%. Analysts anticipate that Good Times Restaurants Inc. will post ($0.19) earnings per share for the current year.
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Several analysts recently issued reports on GTIM shares. Maxim Group reiterated a “buy” rating on shares of Good Times Restaurants in a research report on Thursday, July 6th. Zacks Investment Research lowered shares of Good Times Restaurants from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, TheStreet lowered shares of Good Times Restaurants from a “c-” rating to a “d” rating in a research report on Friday, August 11th.
An institutional investor recently raised its position in Good Times Restaurants stock. Granite Point Capital Management L.P. increased its position in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 273,050 shares of the restaurant operator’s stock after acquiring an additional 16,300 shares during the period. Granite Point Capital Management L.P. owned approximately 2.22% of Good Times Restaurants worth $969,000 as of its most recent filing with the Securities and Exchange Commission. 32.72% of the stock is owned by institutional investors.
Good Times Restaurants Company Profile
Good Times Restaurants Inc 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. Good Times is a quick service restaurant concept.
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