Insider Selling: Good Times Restaurants Inc. (NASDAQ:GTIM) VP Sells 11,331 Shares of Stock

Good Times Restaurants Inc. (NASDAQ:GTIM) VP Donald L. Stack sold 11,331 shares of Good Times Restaurants stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $2.00, for a total value of $22,662.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Good Times Restaurants Stock Up 0.3 %

NASDAQ GTIM opened at $1.97 on Friday. Good Times Restaurants Inc. has a 1-year low of $1.80 and a 1-year high of $3.45. The company has a market capitalization of $20.92 million, a price-to-earnings ratio of 8.94 and a beta of 1.37. The stock’s 50 day moving average is $2.17 and its two-hundred day moving average is $2.45. The company has a current ratio of 0.42, a quick ratio of 0.33 and a debt-to-equity ratio of 0.08.

Good Times Restaurants (NASDAQ:GTIM) last released its quarterly earnings results on Thursday, May 8th. The restaurant operator reported ($0.01) EPS for the quarter. Good Times Restaurants had a net margin of 1.60% and a return on equity of 7.11%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Good Times Restaurants in a research note on Monday. They issued a “strong-buy” rating for the company.

Institutional Investors Weigh In On Good Times Restaurants

Institutional investors and hedge funds have recently modified their holdings of the business. Arcadia Wealth Management Inc. bought a new position in Good Times Restaurants during the fourth quarter worth about $129,000. Geode Capital Management LLC raised its position in shares of Good Times Restaurants by 11.6% in the 3rd quarter. Geode Capital Management LLC now owns 90,947 shares of the restaurant operator’s stock valued at $247,000 after acquiring an additional 9,459 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Good Times Restaurants by 5.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 85,760 shares of the restaurant operator’s stock worth $222,000 after acquiring an additional 4,754 shares during the last quarter. 12.06% of the stock is owned by institutional investors.

About Good Times Restaurants

Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. It operates and franchises Good Times Burgers & Frozen Custard, an upscale quick-service drive-through dining restaurant; and owns, operates, franchises, and licenses Bad Daddy's Burger Bar, a full-service upscale casual dining restaurant.