Robert J. Stetson Purchases 11,000 Shares of Good Times Restaurants Inc. (GTIM) Stock

Good Times Restaurants Inc. (NASDAQ:GTIM) Director Robert J. Stetson bought 11,000 shares of the firm’s stock in a transaction dated Wednesday, December 12th. The stock was purchased at an average price of $2.35 per share, with a total value of $25,850.00. Following the completion of the purchase, the director now directly owns 103,894 shares of the company’s stock, valued at approximately $244,150.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Good Times Restaurants Inc. (NASDAQ GTIM) traded down $0.02 during mid-day trading on Thursday, hitting $2.53. 23,691 shares of the stock traded hands, compared to its average volume of 30,339. The stock has a market capitalization of $31.17, a P/E ratio of -14.03 and a beta of 0.51. The company has a quick ratio of 0.76, a current ratio of 0.88 and a debt-to-equity ratio of 0.14. Good Times Restaurants Inc. has a fifty-two week low of $2.25 and a fifty-two week high of $3.78.

Good Times Restaurants (NASDAQ:GTIM) last announced its earnings results on Thursday, December 7th. The restaurant operator reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. The business had revenue of $22.58 million during the quarter. Good Times Restaurants had a negative net margin of 2.59% and a negative return on equity of 5.92%. research analysts forecast that Good Times Restaurants Inc. will post -0.12 EPS for the current fiscal year.

GTIM has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Good Times Restaurants from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a research note on Wednesday, December 13th. Maxim Group restated a “buy” rating and issued a $6.00 target price on shares of Good Times Restaurants in a research note on Wednesday, January 3rd.

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About Good Times Restaurants

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

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