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

GTIM has been the topic of several research reports. Zacks Investment Research upgraded shares of Good Times Restaurants from a “sell” rating to a “hold” rating in a research report on Wednesday, May 11th. Dougherty & Co reiterated a “buy” rating on shares of Good Times Restaurants in a research report on Monday, May 9th.

The firm’s market cap is $43.67 million. The stock’s 50-day moving average price is $3.92 and its 200-day moving average price is $3.80.

Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Analysts anticipate that Good Times Restaurants Inc. will post ($0.13) earnings per share for the current year.

In related news, Director Robert J. Stetson bought 26,900 shares of the stock in a transaction on 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 completion of the acquisition, the director now directly owns 49,375 shares in the company, valued at $143,681.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary J. Heller sold 10,000 shares of the company’s stock in a transaction 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 sale, the director now 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).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.