The Insider Buying: Good Times Restaurants Inc. (GTIM) Major Shareholder Buys $1,176,021.00 in Stock

The Insider Buying: Good Times Restaurants Inc. (GTIM) Major Shareholder Buys $1,176,021.00 in Stock

Good Times Restaurants Inc. (NASDAQ:GTIM) major shareholder Delta Partners Lp acquired 392,007 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was acquired at an average cost of $3.00 per share, with a total value of $1,176,021.00. The purchase was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Delta Partners Lp also recently made the following trade(s): On Monday, November 7th, Delta Partners Lp acquired 8,711 shares of Good Times Restaurants stock. The stock was acquired at an average cost of $2.90 per share, with a total value of $25,261.90. On Wednesday, November 2nd, Delta Partners Lp acquired 33,152 shares of Good Times Restaurants stock. The stock was acquired at an average cost of $3.10 per share, with a total value of $102,771.20. On Friday, October 28th, Delta Partners Lp bought 43,817 shares of Good Times Restaurants stock. The stock was bought at an average price of $3.06 per share, for a total transaction of $134,080.02. On Wednesday, October 26th, Delta Partners Lp bought 18,910 shares of Good Times Restaurants stock. The stock was bought at an average price of $3.09 per share, for a total transaction of $58,431.90. On Friday, October 21st, Delta Partners Lp bought 11,366 shares of Good Times Restaurants stock. The stock was bought at an average price of $3.10 per share, for a total transaction of $35,234.60. On Wednesday, October 19th, Delta Partners Lp bought 1,500 shares of Good Times Restaurants stock. The stock was bought at an average price of $2.91 per share, for a total transaction of $4,365.00.

Shares of Good Times Restaurants Inc. (NASDAQ:GTIM) opened at 3.25 on Monday. The company’s market capitalization is $39.92 million. The firm has a 50-day moving average price of $3.15 and a 200-day moving average price of $3.49. Good Times Restaurants Inc. has a 1-year low of $2.75 and a 1-year high of $5.28.

A hedge fund recently bought a new stake in Good Times Restaurants stock. Granite Point Capital Management L.P. purchased a new position in Good Times Restaurants Inc. (NASDAQ:GTIM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 317,800 shares of the company’s stock, valued at approximately $1,109,000. Granite Point Capital Management L.P. owned about 2.59% of Good Times Restaurants at the end of the most recent quarter. Hedge funds and other institutional investors own 35.74% of the company’s stock.

A number of research firms have issued reports on GTIM. TheStreet upgraded Good Times Restaurants from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. Zacks Investment Research upgraded Good Times Restaurants from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th.

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