Sei Investments Co. acquired a new stake in Nathan’s Famous, Inc. (NASDAQ:NATH – Free Report) during the 1st quarter, Holdings Channel reports. The institutional investor acquired 5,168 shares of the restaurant operator’s stock, valued at approximately $521,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in shares of Nathan’s Famous by 10.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,106 shares of the restaurant operator’s stock valued at $103,000 after purchasing an additional 103 shares during the period. First Trust Advisors LP lifted its holdings in Nathan’s Famous by 2.5% during the 4th quarter. First Trust Advisors LP now owns 8,276 shares of the restaurant operator’s stock valued at $774,000 after buying an additional 200 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Nathan’s Famous by 204.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 260 shares in the last quarter. Osaic Holdings Inc. boosted its position in Nathan’s Famous by 75.7% in the 2nd quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator’s stock valued at $98,000 after buying an additional 381 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Nathan’s Famous by 142.0% during the second quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock valued at $77,000 after acquiring an additional 406 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors.
Nathan’s Famous Price Performance
Shares of Nathan’s Famous stock opened at $96.97 on Friday. The stock has a market cap of $397.58 million, a price-to-earnings ratio of 20.08 and a beta of 0.29. The firm’s 50-day moving average is $99.86 and its two-hundred day moving average is $100.55. Nathan’s Famous, Inc. has a 1 year low of $88.67 and a 1 year high of $113.86.
Nathan’s Famous Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Monday, June 22nd. Nathan’s Famous’s dividend payout ratio (DPR) is 41.41%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Nathan’s Famous in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.
Get Our Latest Research Report on Nathan’s Famous
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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