Dalton Greiner Hartman Maher & Co. bought a new stake in Nathan’s Famous, Inc. (NASDAQ:NATH) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,665 shares of the restaurant operator’s stock, valued at approximately $1,126,000. Dalton Greiner Hartman Maher & Co. owned approximately 0.37% of Nathan’s Famous as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Bank of Montreal Can increased its stake in Nathan’s Famous by 157.4% in the second quarter. Bank of Montreal Can now owns 399 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 244 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Nathan’s Famous during the second quarter worth $54,000. Panagora Asset Management Inc. bought a new stake in shares of Nathan’s Famous during the second quarter worth $107,000. Marshall Wace LLP bought a new stake in shares of Nathan’s Famous during the second quarter worth $312,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Nathan’s Famous by 7.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 6,828 shares of the restaurant operator’s stock worth $534,000 after acquiring an additional 466 shares in the last quarter. 41.16% of the stock is owned by hedge funds and other institutional investors.
Shares of NATH stock opened at $72.02 on Friday. The firm has a fifty day moving average of $69.56 and a 200-day moving average of $69.85. Nathan’s Famous, Inc. has a 12-month low of $62.20 and a 12-month high of $83.92. The company has a market capitalization of $303.29 million, a price-to-earnings ratio of 21.41 and a beta of 0.29.
Nathan’s Famous (NASDAQ:NATH) last issued its quarterly earnings data on Friday, August 9th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter. Nathan’s Famous had a net margin of 21.59% and a negative return on equity of 19.83%. The company had revenue of $30.52 million during the quarter.
Separately, BidaskClub raised shares of Nathan’s Famous from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th.
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.
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