Good Times Restaurants Inc. (GTIM)

Over the past six months, GTIM's stock price has declined by 4.48%. In the fiscal second quarter of 2026, net revenues were $33.2 million, slightly down from $34.3 million in the prior year. The company moved to a net income of $149,000, or $0.01 per diluted share, compared to a loss of $624,000, or $(0.06) per share, in the same quarter last year. Restaurant-level operating profit increased to $4.4 million with a 13.4% margin, up from $4.3 million and a 12.7% margin. Adjusted EBITDA also rose to $1.4 million from $1.0 million. Same-store sales for company-owned Bad Daddy's and Good Times restaurants both decreased by 0.8% for the quarter compared to the fiscal 2025 second quarter.

Good Times Restaurants Inc. experiences some demand seasonality, particularly concerning ground beef costs, which are expected to increase in the latter half of the fiscal year. Good Times drive-thru locations capture over 65% of quick-service restaurant transactions during peak windows, with limited-time offers and daypart bundles used to increase throughput and ticket efficiency. Digital orders also see an increase during peak promotions and custard drops.

Good Times Restaurants Inc. operates in the accommodation and food services sector, managing and franchising Good Times Burgers & Frozen Custard and Bad Daddy's Burger Bar. Good Times Burgers & Frozen Custard is a regional quick-service drive-thru concept known for its burgers, chicken sandwiches, wild fries, green chili breakfast burritos, and frozen custard. Bad Daddy's Burger Bar is a full-service, upscale casual dining concept offering gourmet burgers, salads, appetizers, and sandwiches, with a focus on craft beers.

Good Times Burgers & Frozen Custard restaurants are primarily located in Colorado (28 locations) and Wyoming (2 locations). Bad Daddy's Burger Bar has 38 restaurants across seven states: North Carolina (14), Colorado (9), Georgia (4), South Carolina (4), Alabama (3), Tennessee (2), and Oklahoma (1). A licensed Bad Daddy's Burger Bar also operates in the Charlotte Douglas International Airport.

Good Times Restaurants Inc. has focused on strategic initiatives to enhance its brand reputation and customer engagement, including modernizing Good Times units with systemwide remodels expected by 2026 and improving its digital presence. Good Times has scaled native web/app ordering, curbside, and order-ahead options since 2020. New marketing campaigns are expected to begin in late fiscal Q3 2026, including the reintroduction of cheese curds and a competitively priced special for their Bambino cheeseburger sliders. Bad Daddy's Burger Bar launched its "Monthly Drops" promotion in March to create value on core menu items and generate excitement with more frequent burger introductions.

Good Times Restaurants Inc. has a significant concentration of ownership among insiders, with David Dobbin holding 78.65% of the company. Other significant insider holders include Charles E. Jobson (64.35%) and Penelope Dobbin (39.66%). Institutional shareholders hold 10.64% of the stock. Major institutional owners include Vanguard Group Inc., Renaissance Technologies Llc, and Bridgeway Capital Management Inc. Small Island Investments Ltd. is also identified as a major insider holder and became the parent company after an acquisition on September 25, 2023.