Hsbc Holdings PLC bought a new position in Nathan’s Famous, Inc. (NASDAQ:NATH – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,908 shares of the restaurant operator’s stock, valued at approximately $1,310,000.
A number of other large investors have also added to or reduced their stakes in NATH. PNC Financial Services Group Inc. lifted its position 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 buying an additional 103 shares during the last quarter. First Trust Advisors LP grew its position in shares of Nathan’s Famous by 2.5% in the 4th quarter. First Trust Advisors LP now owns 8,276 shares of the restaurant operator’s stock worth $774,000 after buying an additional 200 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Nathan’s Famous by 204.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator’s stock worth $43,000 after buying an additional 260 shares during the last quarter. Legal & General Group Plc bought a new position in shares of Nathan’s Famous during the 2nd quarter worth approximately $28,000. Finally, Osaic Holdings Inc. raised its stake in shares of Nathan’s Famous by 75.7% during the 2nd quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 381 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nathan’s Famous in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.
Nathan’s Famous Stock Performance
Shares of NATH stock opened at $97.86 on Tuesday. Nathan’s Famous, Inc. has a fifty-two week low of $88.67 and a fifty-two week high of $113.86. The firm has a market capitalization of $401.23 million, a price-to-earnings ratio of 20.26 and a beta of 0.29. The stock’s 50-day simple moving average is $99.01 and its 200-day simple moving average is $100.28.
Nathan’s Famous (NASDAQ:NATH – Get Free Report) last released its earnings results on Friday, August 7th. The restaurant operator reported $2.14 EPS for the quarter. The company had revenue of $54.06 million during the quarter. Nathan’s Famous had a net margin of 11.78% and a negative return on equity of 187.25%.
Nathan’s Famous Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, June 22nd. Nathan’s Famous’s payout ratio is presently 41.41%.
About Nathan’s Famous
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.
Recommended Stories
- Five stocks we like better than Nathan’s Famous
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
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 – Free Report).
Receive News & Ratings for Nathan's Famous Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nathan's Famous and related companies with MarketBeat.com's FREE daily email newsletter.
