Credit Industriel ET Commercial acquired a new position in Nathan’s Famous, Inc. (NASDAQ:NATH – Free Report) during the first quarter, HoldingsChannel reports. The fund acquired 42,814 shares of the restaurant operator’s stock, valued at approximately $4,313,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Gabelli Funds LLC grew its holdings in shares of Nathan’s Famous by 0.3% during the fourth quarter. Gabelli Funds LLC now owns 171,200 shares of the restaurant operator’s stock worth $16,019,000 after purchasing an additional 500 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Nathan’s Famous by 0.7% in the third quarter. Vanguard Group Inc. now owns 138,170 shares of the restaurant operator’s stock valued at $15,301,000 after buying an additional 912 shares during the last quarter. Geode Capital Management LLC lifted its position in Nathan’s Famous by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 64,279 shares of the restaurant operator’s stock worth $6,016,000 after buying an additional 1,083 shares in the last quarter. Two Sigma Investments LP lifted its position in Nathan’s Famous by 35.0% during the 3rd quarter. Two Sigma Investments LP now owns 39,625 shares of the restaurant operator’s stock worth $4,388,000 after buying an additional 10,264 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Nathan’s Famous by 6.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 38,443 shares of the restaurant operator’s stock worth $4,257,000 after acquiring an additional 2,255 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of Nathan’s Famous from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.
Nathan’s Famous Price Performance
NATH stock opened at $101.13 on Tuesday. The company has a 50 day moving average price of $101.24 and a 200 day moving average price of $99.69. Nathan’s Famous, Inc. has a fifty-two week low of $88.67 and a fifty-two week high of $117.49. The stock has a market capitalization of $413.63 million, a PE ratio of 20.88 and a beta of 0.27.
Nathan’s Famous (NASDAQ:NATH – Get Free Report) last announced its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.68 EPS for the quarter. The firm had revenue of $35.07 million for the quarter. Nathan’s Famous had a negative return on equity of 179.01% and a net margin of 12.35%.
Nathan’s Famous Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were issued a $0.50 dividend. The ex-dividend date was Monday, June 22nd. This represents a $2.00 annualized dividend and a yield of 2.0%. Nathan’s Famous’s dividend payout ratio (DPR) is currently 41.24%.
Nathan’s Famous Company Profile
Nathan’s Famous Inc is a quick-service restaurant company known for its signature all-beef hot dogs and classic American fast-food offerings. The company operates and franchises a network of dining outlets under the Nathan’s Famous brand, serving items such as hamburgers, chicken sandwiches, french fries and specialty sides. In addition to its restaurant business, Nathan’s Famous markets frozen and refrigerated products to retail and foodservice customers across North America.
The company traces its origins to 1916, when founder Nathan Handwerker opened a modest walk-up stand on Coney Island in Brooklyn, New York.
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