Good Times Restaurants Inc. (GTIM) Stock Price Down 8.1%
Shares of Good Times Restaurants Inc. (NASDAQ:GTIM) fell 8.1% during mid-day trading on Tuesday . The company traded as low as $3.94 and last traded at $3.98, with a volume of 153,095 shares traded. The stock had previously closed at $4.33.
A number of research firms have recently issued reports on GTIM. 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. Dougherty & Co reaffirmed a “buy” rating on shares of Good Times Restaurants in a research report on Monday, May 9th.
The firm’s market cap is $48.82 million. The firm’s 50-day moving average is $3.62 and its 200 day moving average is $3.83.
Good Times Restaurants (NASDAQ:GTIM) last released its quarterly earnings results on Tuesday, May 10th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $15.32 million for the quarter, compared to the consensus estimate of $15.58 million. On average, equities research analysts expect that Good Times Restaurants Inc. will post ($0.13) EPS for the current year.
In other news, CFO K Zielke James bought 30,000 shares of the firm’s stock in a transaction dated Friday, May 13th. The stock was purchased at an average price of $3.25 per share, with a total value of $97,500.00. Following the transaction, the chief financial officer now owns 63,644 shares of the company’s stock, valued at $206,843. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gary J. Heller sold 10,000 shares of the stock in a transaction that occurred on Monday, June 13th. The stock was 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 of the company’s stock, valued at approximately $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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