Good Times Restaurants Stock Price, News & Analysis
Company Description
Good Times Restaurants Inc. (Nasdaq: GTIM) operates in the accommodation and food services sector and is classified within the food service contractors and restaurant industry. According to its public disclosures and earnings releases, the company owns, operates, licenses and franchises two distinct restaurant brands in the United States: Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard. Its common stock is listed on the Nasdaq Capital Market under the symbol GTIM.
Restaurant brands and concepts
Through its wholly owned subsidiaries, Good Times Restaurants Inc. owns, operates and licenses Bad Daddy’s Burger Bar restaurants. Company disclosures state that Bad Daddy’s Burger Bar is a full-service “small box” restaurant concept. The brand features a chef-driven menu of gourmet signature burgers, chopped salads, appetizers and sandwiches, along with a full bar and a focus on a selection of craft beers in a high-energy atmosphere that is described as appealing to a broad consumer base.
In addition, through its wholly owned subsidiaries, the company owns, operates and franchises Good Times Burgers & Frozen Custard restaurants, which it describes as a regional quick-service concept. These restaurants are primarily located in Colorado. The Good Times menu focuses on 100% all-natural burgers and chicken sandwiches, signature wild fries, green chili breakfast burritos and fresh frozen custard desserts.
Business segments and revenue mix
Company materials and supplemental financial information describe operations through two primary restaurant concepts that align with different dining formats. Bad Daddy’s Burger Bar operates in the full-service, upscale casual dining segment, while Good Times Burgers & Frozen Custard operates in the quick-service drive-through dining segment. The company’s financial disclosures indicate that it generates restaurant sales from company-owned locations and also reports franchise and other revenues associated with its franchised and licensed Good Times restaurants.
In its earnings releases, Good Times Restaurants Inc. provides separate restaurant sales and restaurant-level operating profit metrics for Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard. These disclosures show that Bad Daddy’s Burger Bar contributes a significant portion of total restaurant sales, while Good Times Burgers & Frozen Custard contributes a smaller but meaningful share, particularly in its core Colorado market.
Geographic footprint and restaurant base
According to multiple company news releases, Good Times Restaurants Inc. owns, operates and licenses Bad Daddy’s Burger Bar restaurants across various markets and operates and franchises Good Times Burgers & Frozen Custard restaurants primarily in Colorado. The company reports that it owns, operates and licenses dozens of Bad Daddy’s Burger Bar locations and operates and franchises several dozen Good Times Burgers & Frozen Custard locations. Its disclosures emphasize that Good Times is a regional quick-service brand with Colorado roots.
Operating focus and performance metrics
Good Times Restaurants Inc. regularly reports same store sales for both Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard, highlighting trends in comparable restaurant performance. The company also reports restaurant-level operating profit, a non-GAAP measure it describes as restaurant revenues minus restaurant-level operating costs, excluding restaurant closures and impairment costs. This measure includes restaurant-level occupancy costs but excludes depreciation and amortization, general and administrative costs, and certain other items.
In addition to restaurant-level operating profit, the company reports Adjusted EBITDA as another non-GAAP measure. It explains in its earnings releases that Adjusted EBITDA is calculated starting from net income and adjusting for interest expense, income taxes, depreciation and amortization and other specified non-cash or non-recurring items. These metrics are presented as tools for evaluating restaurant-level efficiency and overall operating performance.
Capital structure and credit arrangements
Good Times Restaurants Inc. is incorporated in Nevada and files periodic and current reports with the U.S. Securities and Exchange Commission. An 8-K filing dated October 3, 2025 describes a Third Amendment to the company’s Amended and Restated Credit Agreement with Cadence Bank, under which the company and its wholly owned subsidiaries are parties. The amendment includes Cadence’s consent to the closure of two Bad Daddy’s restaurants and modifies certain definitions and covenants in the credit agreement, including the consolidated leverage ratio and restricted payments provisions.
Strategic and operational themes from disclosures
Across its earnings releases, Good Times Restaurants Inc. discusses several recurring themes related to its operations. Management commentary has highlighted efforts to manage food and packaging costs, payroll and benefits, restaurant occupancy costs and other restaurant operating costs at both brands. The company’s disclosures describe initiatives to adjust advertising and promotional strategies, including the use of streaming video and connected TV advertising, and brand campaigns that emphasize Good Times’ Colorado heritage.
For Bad Daddy’s Burger Bar, management commentary in earnings releases has referenced menu engineering, product development such as smashed patty burgers and promotional items, and experiments with menu structure, including side-included pricing models. For Good Times Burgers & Frozen Custard, disclosures describe remodel programs, updated signage and technology, and a focus on improving restaurant-level execution and guest experience.
Shareholder-focused actions
In its public communications, Good Times Restaurants Inc. has disclosed a share repurchase program authorized by its board of directors. The company has reported repurchasing shares of its common stock under this program and through negotiated transactions. It has also announced expansions of the total authorization amount for share repurchases, noting that the timing and number of shares repurchased depend on factors such as price, business conditions and alternative investment opportunities.
Regulatory reporting and transparency
As a Nasdaq-listed company, Good Times Restaurants Inc. files annual, quarterly and current reports with the SEC, including Forms 10-K, 10-Q and 8-K. Its earnings releases are often furnished on Form 8-K under Item 2.02, providing investors with access to detailed financial tables, restaurant-level metrics, balance sheet data and reconciliations of non-GAAP measures such as restaurant-level operating profit and Adjusted EBITDA to the most directly comparable GAAP measures.
FAQs about Good Times Restaurants Inc. (GTIM)
- What does Good Times Restaurants Inc. do?
Good Times Restaurants Inc. owns, operates, licenses and franchises restaurants under two brands: Bad Daddy’s Burger Bar, a full-service small box restaurant concept, and Good Times Burgers & Frozen Custard, a regional quick-service concept primarily in Colorado. - What are the company’s main restaurant concepts?
The company’s concepts are Bad Daddy’s Burger Bar, which features a chef-driven menu of gourmet signature burgers, chopped salads, appetizers and sandwiches with a full bar and craft beers, and Good Times Burgers & Frozen Custard, which offers 100% all-natural burgers and chicken sandwiches, signature wild fries, green chili breakfast burritos and fresh frozen custard desserts. - On which exchange is GTIM traded?
According to its SEC filings, Good Times Restaurants Inc.’s common stock is listed on the Nasdaq Capital Market under the trading symbol GTIM. - How does the company describe its industry and sector?
The company operates in the accommodation and food services sector and is associated with the food service contractors and restaurant industry through its full-service and quick-service restaurant brands. - Where are Good Times Burgers & Frozen Custard restaurants located?
Company disclosures state that Good Times Burgers & Frozen Custard restaurants are primarily located in Colorado, where the brand emphasizes its Colorado roots. - What is restaurant-level operating profit?
In its earnings releases, Good Times Restaurants Inc. defines restaurant-level operating profit as restaurant revenues minus restaurant-level operating costs, excluding restaurant closures and impairment costs. It includes restaurant-level occupancy costs but excludes depreciation and amortization, general and administrative costs and certain other items. - What is Adjusted EBITDA for Good Times Restaurants Inc.?
The company describes Adjusted EBITDA as a non-GAAP measure calculated from net income by adding back interest expense, income taxes, depreciation and amortization and other specified adjustments, such as non-cash stock-based compensation and certain gains or losses. - Does the company have a share repurchase program?
Yes. In its public releases, Good Times Restaurants Inc. has reported a share repurchase program and disclosed repurchases of its common stock under that program and through negotiated transactions, along with expansions of the total authorized repurchase amount. - What recent credit agreement changes has the company reported?
An 8-K filing dated October 3, 2025 describes a Third Amendment to the company’s Amended and Restated Credit Agreement with Cadence Bank. The amendment includes consent to the closure of two Bad Daddy’s restaurants and changes to certain financial definitions and covenants. - How does the company report performance for its two brands?
Good Times Restaurants Inc. provides separate restaurant sales, same store sales and restaurant-level operating profit metrics for Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard in its earnings releases, allowing investors to see performance by concept.