Good Times Restaurants Inc. (NASDAQ:GTIM) shares fell 10.1% on Thursday . The stock traded as low as $3.50 and last traded at $3.63, with a volume of 382,886 shares. The stock had previously closed at $4.04.

Several research firms have recently weighed in on GTIM. Zacks Investment Research upgraded shares of Good Times Restaurants from a “sell” rating to a “hold” rating in a research note on Tuesday. Dougherty & Co restated a “buy” rating on shares of Good Times Restaurants in a research note on Monday, May 9th.

The firm has a 50-day moving average of $3.92 and a 200-day moving average of $3.79. The stock’s market cap is $43.54 million.

Good Times Restaurants (NASDAQ:GTIM) last issued its earnings results on Wednesday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Equities research analysts predict that Good Times Restaurants Inc. will post ($0.14) earnings per share for the current fiscal year.

In related news, Director Robert J. Stetson bought 26,900 shares of the business’s stock in a transaction that occurred on Friday, May 20th. The shares were acquired at an average cost of $2.91 per share, with a total value of $78,279.00. Following the completion of the purchase, the director now directly owns 49,375 shares in the company, valued at $143,681.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO K Zielke James bought 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The shares were bought at an average cost of $3.00 per share, for a total transaction of $60,000.00. Following the completion of the purchase, the chief financial officer now owns 73,644 shares of the company’s stock, valued at $220,932. The disclosure for this purchase can be found here.

Good Times Restaurants Inc operates and franchises Good Times Burgers & Frozen Custard restaurants and Bad Daddy’s Burger Bar concept. The Company operates through two business segments: Good Times Burgers and Frozen Custard restaurants (Good Times) and Bad Daddy’s Burger Bar restaurants (Bad Daddy’s).

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