18% Stake of Good Times Restaurants Inc. (GTIM) Maintained by Delta Partners LP
Delta Partners LP
recently stated that they own a 18% stake in Good Times Restaurants Inc. (NASDAQ:GTIM) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Monday, January 8th. The investor owns 2,248,757 shares of the stock worth approximately $5,846,768. The reporting parties listed on the disclosure included Delta Partners, LP, Delta Partners GP, LLC, Prism Partners, LP, Delta Growth Master Fund LP, Delta Advisors, LLC, Jobson Family Foundation, Charles Jobson, REIT Redux LP, REIT Redux GP, LLC, Robert J Stetson, Leanlien, LLC, David Martin West Asset Trust, David West, The Kropp 2010 Family Trust and James H Kropp. The filing is available through EDGAR at this hyperlink.
Delta Partners LP
provided the following explanation of their ownership:
Separately, Granite Point Capital Management L.P. raised its position in Good Times Restaurants by 6.3% during the second quarter. Granite Point Capital Management L.P. now owns 273,050 shares of the restaurant operator’s stock valued at $969,000 after purchasing an additional 16,300 shares in the last quarter. 32.30% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on the company. Maxim Group restated a “buy” rating and set a $6.00 price target on shares of Good Times Restaurants in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded Good Times Restaurants from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th.
Good Times Restaurants Inc. (GTIM) opened at $2.60 on Monday. Good Times Restaurants Inc. has a twelve month low of $2.25 and a twelve month high of $3.78. The stock has a market capitalization of $32.42, a PE ratio of -14.44 and a beta of 0.80. The company has a current ratio of 0.88, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14.
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Good Times Restaurants Profile
Good Times Restaurants Inc operates and franchises Good Times Burgers & Frozen Custard (Good Times) restaurants and Bad Daddy’s Burger Bar concept (Bad Daddy’s). The Company operates through two segments: Good Times Burgers and Frozen Custard restaurants, and Bad Daddy’s Burger Bar restaurants. Good Times is a quick service restaurant concept.
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