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.
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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.
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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.
——————————————————————————–
(Name of issuer)
COMMON STOCK, par value $0.001 per share
——————————————————————————–
(Title of class of securities)
382140879
——————————————————————————–
(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).
================================================================================
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 8 – SEC Filing
CUSIP No. 382140879 Page 2 of 10 Pages
—————————— ——————————
——————————————————————————–
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Delta Partners LP
——————————————————————————–
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
——————————————————————————–
3 SEC USE ONLY
——————————————————————————–
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
——————————————————————————–
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY EACH ——————————————————–
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 797,015 common stock
——————————————————–
7 SOLE DISPOSITIVE POWER
None
——————————————————–
8 SHARED DISPOSITIVE POWER
797,015 common stock
——————————————————————————–
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
797,015 common stock
——————————————————————————–
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
——————————————————————————–
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.5% common stock
——————————————————————————–
12 TYPE OF REPORTING PERSON *
PN, IA
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 3 of 8 – SEC Filing
CUSIP No. 382140879 Page 3 of 10 Pages
—————————— ——————————
——————————————————————————–
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Charles Jobson
——————————————————————————–
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
——————————————————————————–
3 SEC USE ONLY
——————————————————————————–
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
——————————————————————————–
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY EACH ——————————————————–
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 797,015 common stock
——————————————————–
7 SOLE DISPOSITIVE POWER
None
——————————————————–
8 SHARED DISPOSITIVE POWER
797,015 common stock
——————————————————————————–
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
797,015 common stock
——————————————————————————–
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
——————————————————————————–
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.5% common stock
——————————————————————————–
12 TYPE OF REPORTING PERSON *
IN
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 4 of 8 – SEC Filing
CUSIP No. 382140879 Page 4 of 10 Pages
—————————— ——————————
——————————————————————————–
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Delta Partners GP, LLC
——————————————————————————–
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
——————————————————————————–
3 SEC USE ONLY
——————————————————————————–
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
——————————————————————————–
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY EACH ——————————————————–
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 797,015 common stock
——————————————————–
7 SOLE DISPOSITIVE POWER
None
——————————————————–
8 SHARED DISPOSITIVE POWER
797,015 common stock
——————————————————————————–
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
797,015 common stock
——————————————————————————–
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
——————————————————————————–
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.5% common stock
——————————————————————————–
12 TYPE OF REPORTING PERSON *
CO
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 5 of 8 – SEC Filing
STATEMENT ON SCHEDULE 13G
ITEM 1(a). NAME OF ISSUER:
good times restaurants inc.
ITEM 1(b). ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:
141 Union BLVD, Suite 400
Lakewood, CO 80228
ITEM 2(a). NAMES OF PERSON FILING:
Delta Partners LP, a Delaware Limited Partnership
Charles Jobson, United States Citizen
Delta Partners GP, LLC, a Delaware Limited Liability Company
ITEM 2(b). BUSINESS MAILING ADDRESS FOR EACH PERSON FILING:
Each of the reporting persons & entities has a business address of:
One International Place, Suite 2401
Boston, MA 02110
ITEM 2(c). CITIZENSHIP:
Shown in item 2(a) above
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, par value $0.001 per share
ITEM 2(E). CUSIP NUMBER:
382140879
ITEM3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B), CHECK
WHETHER THE PERSON FILING IS A:
(e) An investment advisor in accordance with 240.13d-1(b)(1)(ii)(E)
If this statement is filed pursuant to Rule 240,13d-1(c), check this box [x].
Page 5 of 10
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Page 6 of 8 – SEC Filing
ITEM 4. OWNERSHIP:
DELTA PARTNERS LP *
(a) Amount Beneficially Owned: 797,015 common stock
——————————————-
(b) Percent of Class: 6.5% common stock
—————————————————-
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: None
———————–
(ii) shared power to vote or to direct the vote: 797,015 common stock
———————
(iii)sole power to dispose or to direct the disposition of: None
————
(iv)shared power to dispose or to direct the disposition of: 797,015
common stock
———
Delta Partners GP, LLC *
(a) Amount Beneficially Owned: 797,015 common stock
——————————————-
(b) Percent of Class: 6.5% common stock
—————————————————-
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: None
———————–
(ii) shared power to vote or to direct the vote: 797,015 common stock
———————
(iii)sole power to dispose or to direct the disposition of: None
————
(iv)shared power to dispose or to direct the disposition of: 797,015
common stock
———
Page 6 of 10
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Page 7 of 8 – SEC Filing
CHARLES JOBSON *
(a) Amount Beneficially Owned: 797,015 common stock
——————————————-
(b) Percent of Class: 6.5% common stock
—————————————————-
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: None
———————–
(ii) shared power to vote or to direct the vote: 797,015 common stock
———————
(iii)sole power to dispose or to direct the disposition of: None
————
(iv)shared power to dispose or to direct the disposition of: 797,015
common stock
———
* Shares reported for Delta Partners, LP, Delta Partners GP, LLC and Charles
Jobson include shares beneficially owned by Prism Partners L.P., and Prism
Offshore Fund Limited.
Item 5. Ownership of Five Percent or Less of a Class:
Not Applicable
Page 7 of 10
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Page 8 of 8 – SEC Filing
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
Page 8 of 10
ITEM 10. CERTIFICATION:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: August 17, 2016
DELTA PARTNERS, LP
By: /s/ Charles Jobson
———————————
Charles Jobson, Limited Partner
CHARLES JOBSON
By: Charles Jobson
———————————
DELTA PARTNERS GP, LLC
By: /s/ Charles Jobson
———————————
Charles Jobson, Managing Member
Page 9 of 10
