Good Times Restaurants Inc.: insider trades · United States · SEC (Form 4)

About Good Times Restaurants Inc.

Good Times Restaurants Inc. is a U.S.-listed restaurant company trading on the NASDAQ (NASDAQ: GTIM). For French-, Belgian- and Swiss-based investors, it should be viewed as a small-cap American consumer stock with a narrow operating footprint, a highly competitive market niche, and a business model tied to U.S. dining trends. The company is headquartered in Colorado and has long been associated with the American West, although its restaurant base now extends into other parts of the country. Good Times was formed as a Nevada corporation on October 6, 1996, giving it a multi-decade operating history while still remaining modest in scale versus the major U.S. restaurant groups. ([s205.q4cdn.com](https://s205.q4cdn.com/967519051/files/doc_financials/2025/ar/20250930-GTIM-Form-10K-vCurrent.pdf)) The group is built around two distinct brands. Bad Daddy’s Burger Bar is a full-service, specialty burger concept positioned in the casual dining segment, with an emphasis on premium burgers and a more experiential restaurant format. Good Times Burgers & Frozen Custard is a quick-service, drive-through concept focused on all-natural burgers, fries, and frozen custard. This two-brand structure gives the company exposure to both quick-service and casual dining economics, which can help diversify traffic patterns, but it also means management must balance two different operating models and cost structures. ([s205.q4cdn.com](https://s205.q4cdn.com/967519051/files/doc_financials/2025/ar/20250930-GTIM-Form-10K-vCurrent.pdf)) According to the latest SEC filing, Good Times owned or operated 38 Bad Daddy’s restaurants, mainly in the Southeast and Colorado, plus one licensed airport location at Charlotte Douglas International Airport. It also owned, operated, or franchised 30 Good Times restaurants, including 28 in Colorado and two dual-brand locations in Wyoming operated by a franchisee. That footprint shows a strong home-market concentration in Colorado, while Bad Daddy’s provides a broader regional growth platform in the Southeast. ([s205.q4cdn.com](https://s205.q4cdn.com/967519051/files/doc_financials/2025/ar/20250930-GTIM-Form-10K-vCurrent.pdf)) From a competitive standpoint, GTIM operates in a crowded and price-sensitive industry. The company’s fiscal 2025 annual report noted same-store sales declines at both brands and flagged inflation, labor, and commodity costs as important operating variables. In other words, the investment case is less about dominant market share and more about execution: traffic recovery, menu pricing, margin protection, and disciplined capital allocation. ([s205.q4cdn.com](https://s205.q4cdn.com/967519051/files/doc_financials/2025/ar/20250930-GTIM-Form-10K-vCurrent.pdf)) Recent developments include multiple 2026 earnings announcements and updates on quarterly results, as well as continued discussion of operational pressures in the latest filings. The annual report also references limited cash, debt management, and restaurant closures, suggesting management remains focused on balance-sheet discipline and optimizing the store base. For international investors, Good Times Restaurants is therefore best understood as a niche U.S. restaurant operator listed on NASDAQ in the United States, with a straightforward consumer proposition but meaningful exposure to macro conditions, food inflation, and discretionary spending trends. ([s205.q4cdn.com](https://s205.q4cdn.com/967519051/files/doc_financials/2025/ar/20250930-GTIM-Form-10K-vCurrent.pdf))