Good Times Restaurants Inc. (GTIM) CFO Ryan M. Zink Acquires 5,000 Shares of Stock
Good Times Restaurants Inc. (NASDAQ:GTIM) CFO Ryan M. Zink purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were purchased at an average cost of $2.60 per share, for a total transaction of $13,000.00. Following the completion of the purchase, the chief financial officer now directly owns 15,000 shares of the company’s stock, valued at approximately $39,000. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Good Times Restaurants (NASDAQ:GTIM) last posted its quarterly earnings data on Thursday, August 10th. The restaurant operator reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). Good Times Restaurants had a negative return on equity of 4.44% and a negative net margin of 2.25%. The firm had revenue of $21.70 million during the quarter, compared to analysts’ expectations of $21.70 million.
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A hedge fund recently raised its stake in Good Times Restaurants stock. Granite Point Capital Management L.P. lifted its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 273,050 shares of the restaurant operator’s stock after purchasing an additional 16,300 shares during the quarter. Granite Point Capital Management L.P. owned 2.22% of Good Times Restaurants worth $969,000 at the end of the most recent quarter. Institutional investors and hedge funds own 32.72% of the company’s stock.
GTIM has been the topic of a number of recent research reports. ValuEngine lowered Good Times Restaurants from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Maxim Group initiated coverage on Good Times Restaurants in a research note on Thursday, June 22nd. They set a “buy” rating on the stock. Zacks Investment Research lowered Good Times Restaurants from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, TheStreet lowered Good Times Restaurants from a “c-” rating to a “d” rating in a research note on Friday, August 11th.
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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