Good Times Restaurants Inc. (GTIM) Sees Unusually-High Trading Volume
Good Times Restaurants Inc. (NASDAQ:GTIM) shares saw unusually-strong trading volume on Monday . Approximately 97,581 shares changed hands during mid-day 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.
GTIM has been the subject of several research analyst reports. Dougherty & Co reaffirmed a “buy” rating on shares of Good Times Restaurants in a research report on Monday, May 9th. Zacks Investment Research lowered shares of Good Times Restaurants from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Finally, TheStreet raised shares of Good Times Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th.
The company’s market capitalization is $45.52 million. The company has a 50-day moving average of $3.93 and a 200 day moving average of $3.78.
Good Times Restaurants (NASDAQ:GTIM) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. On average, equities research analysts expect that Good Times Restaurants Inc. will post ($0.13) EPS for the current fiscal year.
In other Good Times Restaurants news, Director Robert J. Stetson acquired 26,900 shares of Good Times Restaurants stock in a transaction dated Friday, May 20th. The stock was bought at an average price of $2.91 per share, for a total transaction of $78,279.00. Following the transaction, the director now owns 49,375 shares in the company, valued at approximately $143,681.25. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO K Zielke James acquired 10,000 shares of Good Times Restaurants stock in a transaction dated Monday, May 23rd. The shares were acquired at an average price of $3.00 per share, with a total value of $30,000.00. Following the transaction, the chief financial officer now owns 93,644 shares in the company, valued at approximately $280,932. 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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