Dimensional Fund Advisors LP Buys 3,112 Shares of Nathan’s Famous, Inc. (NATH)

Dimensional Fund Advisors LP grew its stake in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) by 1.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 214,381 shares of the restaurant operator’s stock after buying an additional 3,112 shares during the period. Dimensional Fund Advisors LP owned about 0.05% of Nathan’s Famous worth $20,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Nathan’s Famous by 10.2% during the second quarter. BlackRock Inc. now owns 158,611 shares of the restaurant operator’s stock worth $14,925,000 after acquiring an additional 14,641 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Nathan’s Famous by 12.9% during the first quarter. JPMorgan Chase & Co. now owns 12,542 shares of the restaurant operator’s stock worth $926,000 after acquiring an additional 1,431 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Nathan’s Famous by 37.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 6,442 shares of the restaurant operator’s stock worth $607,000 after acquiring an additional 1,742 shares in the last quarter. Citigroup Inc. lifted its position in shares of Nathan’s Famous by 2,150.0% during the first quarter. Citigroup Inc. now owns 5,490 shares of the restaurant operator’s stock worth $406,000 after acquiring an additional 5,246 shares in the last quarter. Finally, Spark Investment Management LLC purchased a new stake in shares of Nathan’s Famous in the second quarter worth $345,000. Hedge funds and other institutional investors own 40.39% of the company’s stock.

Shares of NATH stock opened at $82.30 on Friday. The company has a current ratio of 5.35, a quick ratio of 5.30 and a debt-to-equity ratio of -1.75. Nathan’s Famous, Inc. has a 52-week low of $60.35 and a 52-week high of $107.05. The firm has a market capitalization of $345.05 million, a P/E ratio of 34.33 and a beta of -0.24.

Nathan’s Famous (NASDAQ:NATH) last issued its quarterly earnings data on Friday, August 3rd. The restaurant operator reported $1.13 earnings per share (EPS) for the quarter. Nathan’s Famous had a negative return on equity of 12.96% and a net margin of 4.34%. The company had revenue of $30.17 million for the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Monday, September 10th were given a $0.25 dividend. The ex-dividend date was Friday, September 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%.

NATH has been the topic of a number of recent analyst reports. BidaskClub downgraded Nathan’s Famous from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 1st. ValuEngine downgraded Nathan’s Famous from a “buy” rating to a “hold” rating in a research report on Monday, September 24th.

Nathan’s Famous Company Profile

Nathan's Famous, Inc, together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.

Further Reading: Understanding Analyst Recommendations

Want to see what other hedge funds are holding NATH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nathan’s Famous, Inc. (NASDAQ:NATH).

Institutional Ownership by Quarter for Nathan`s Famous (NASDAQ:NATH)

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