Good Times Restaurants Inc. (GTIM) Sees Large Volume Increase
Good Times Restaurants Inc. (NASDAQ:GTIM) saw strong trading volume on Monday . 97,581 shares traded hands during trading, an increase of 51% from the previous session’s volume of 64,708 shares.The stock last traded at $3.62 and had previously closed at $3.55.
A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Good Times Restaurants from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. TheStreet upgraded shares of Good Times Restaurants from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Dougherty & Co restated a “buy” rating on shares of Good Times Restaurants in a research note on Monday, May 9th.
The stock’s 50-day moving average price is $3.93 and its 200 day moving average price is $3.78. The firm’s market capitalization is $44.54 million.
Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. On average, analysts anticipate that Good Times Restaurants Inc. will post ($0.14) EPS for the current fiscal year.
In other news, Director Robert J. Stetson acquired 26,900 shares of Good Times Restaurants stock in a transaction dated 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 purchase, the director now directly owns 49,375 shares of the company’s stock, valued at approximately $143,681.25. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gary J. Heller sold 10,000 shares of Good Times Restaurants stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $3.48, for a total value of $34,800.00. Following the completion of the transaction, the director now directly owns 12,667 shares in the company, valued at $44,081.16. The disclosure for this sale 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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