Good Times Restaurants Inc (GTIM): Delta Partners Doubles Its Stake

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Charles Jobson‘s Delta Partners recently filed a Form 13G with the SEC in which reported raising its stake in Good Times Restaurants Inc (NASDAQ:GTIM) to 797,015 common shares, which represent 6.5% of the company’s total outstanding stock. Previously, the fund held 400,000 common shares according to its 13F filing for the reporting period of June 30.

Good Times Restaurants is a fast-food restaurant chain that franchises the Good Time Burgers & Frozen Custard and Bad Daddy’s Burger Bar restaurants. Over the past 12 months, the company’s stock has lost 49.91%. In its financial report for the third quarter of fiscal year 2016, Good Times Restaurants disclosed earnings per share of $0.04, above the estimates of $0.02, and revenue of $18.07 million, below the estimates of $18.50 million.

burger, chicken, sandwich, fish, french, closeup, meal, lettuce, bun, dinner, tasty, hamburger, cheese, background, bread, food, sauce, juicy, fries, american, white, red,

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Other hedge funds long Good Times Restaurants (NASDAQ:GTIM) at the end of June included Mark Broach’s Manatuck Hill Partners, with a position worth $3.71 million, and Richard Driehaus’ Driehaus Capital, which had a $1.47 million position. Warren Lammert’s Granite Point Capital initiated a new position in the stock during the second quarter, holding a $1.11 million position in the company on June 30, while Mark Coe’s Coe Capital Management and Jim Simons’ Renaissance Technologies decided to dump Good Times Restaurants (NASDAQ:GTIM) from their portfolios during the quarter, selling their positions valued at $279,000 and $117,000 on March 31, respectively.

Follow Good Times Restaurants Inc. (NASDAQ:GTIM)

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Delta Partners 797,015 797,015 6.5%
Charles Jobson 797,015 797,015 6.5%
Delta Partners GP 797,015 797,015 6.5%

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Page 1 of 8 – SEC Filing

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G

(Amendment No.)

good times restaurants inc.
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(Name of issuer)

COMMON STOCK, par value $0.001 per share
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(Title of class of securities)

382140879
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(CUSIP number)

August 11, 2016
——————————————————————————–
(Date of event which requires filing of this statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

|X| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)

(Continued on the following pages)

——————————–
(1)The remainder of this cover page shall be filled out for a reporting
person’s initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be
deemed to be “filed” for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

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* SEE INSTRUCTIONS BEFORE FILLING OUT!























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