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<FONT FACE="Courier" SIZE=2><P ALIGN="CENTER"><A NAME="MacroMark"></A>SECURITIES AND EXCHANGE COMMISSION</P>
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<P ALIGN="CENTER">Washington, D.C.  20549</P>
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<B><P ALIGN="CENTER">FORM 8-K</P>
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<P ALIGN="CENTER">CURRENT REPORT</P>
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<P ALIGN="CENTER">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</P>
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<P ALIGN="CENTER">Date of Report (Date of earliest event reported): January 17, 2001</P>
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<B><P ALIGN="CENTER">Good Times Restaurants Inc.</P>
</B><P ALIGN="CENTER">(Exact name of registrant as specified in its charter)</P>

<P>&#9;Nevada&#9;0-18590&#9;84-1133368 </P>
<P>(State or other jurisdiction&#9;(Commission File Number)&#9;(IRS Employer </P>
<P>of incorporation)&#9;&#9;Identification No.)</P>

<P>601 Corporate Circle</P>
<P>Golden, CO &#9;80401</P>
<P>(Address of principal executive offices)&#9;(Zip Code)</P>

<P>Registrant's telephone number, including area code: (303) 384-1400</P>

<P ALIGN="CENTER">Not applicable</P>
<P ALIGN="CENTER">(Former name or former address, if changed since last report)</P>

<P>&nbsp;</P>
<P>Item 5.&#9;Other Events.</P>

<P>On January 17, 2001, the board of directors of Good Times Restaurants Inc. approved the repurchase of its common stock up to $250,000.</P>

<P>Item 7.&#9;Financial Statements and Exhibits.</P>

<P>(a)&#9;None.</P>
<P>(b)&#9;None.</P>
<P>(c)&#9;The following exhibit is furnished as part of this report:</P>

<P>A press release dated January 17, 2001 announcing the approval of the Good Times Restaurants Inc. stock repurchase up to $250,000.</P>

<P>&nbsp;</P>
<P ALIGN="CENTER">SIGNATURE</P>

<P>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P>GOOD TIMES RESTAURANTS INC.</P>

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</FONT><FONT FACE="Courier"><P>Date: January 17, 2001&#9;&#9;By: /s/Boyd E. Hoback</P>
<P>                              President and </FONT><FONT FACE="Courier" SIZE=2>Chief Executive Officer</P></DIR>
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{"company-data": {"conformed-name": "GOOD TIMES RESTAURANTS INC", "cik": "0000825324", "assigned-sic": "5812", "irs-number": "841133368", "state-of-incorporation": "NV", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-18590", "film-number": "1509954"}, "business-address": {"street1": "601 CORPORATE CIRCLE", "city": "GOLDEN", "state": "CO", "zip": "80401", "phone": "3033841400"}, "mail-address": {"street1": "601 CORPORATE CIRCLE", "city": "GOLDEN", "state": "CO", "zip": "80401"}, "former-company": {"former-conformed-name": "PARAMOUNT VENTURES INC", "date-changed": "19900205"}}
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 17, 2001
Good Times Restaurants Inc.
(Exact name of registrant as specified in its charter)
Nevada	0-18590	84-1133368
(State or other jurisdiction	(Commission File Number)	(IRS Employer
of incorporation)		Identification No.)
601 Corporate Circle
Golden, CO 	80401
(Address of principal executive offices)	(Zip Code)
Registrant's telephone number, including area code: (303) 384-1400
Not applicable
(Former name or former address, if changed since last report)
Item 5.	Other Events.
On January 17, 2001, the board of directors of Good Times Restaurants Inc. approved the repurchase of its common stock up to $250,000.
Item 7.	Financial Statements and Exhibits.
(a)	None.
(b)	None.
(c)	The following exhibit is furnished as part of this report:
A press release dated January 17, 2001 announcing the approval of the Good Times Restaurants Inc. stock repurchase up to $250,000.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GOOD TIMES RESTAURANTS INC.
Date: January 17, 2001		By: /s/Boyd E. Hoback
President and
Chief Executive Officer