2,900 Shares in Nathan's Famous, Inc. (NASDAQ:NATH) Bought by Banque Cantonale Vaudoise

Key Points

• Banque Cantonale Vaudoise acquired a new position in Nathan's Famous, purchasing 2,900 shares valued at approximately $279,000, bringing its ownership to 0.07% of the company.
• Institutional investors own 66.54% of Nathan's Famous, with notable increases in holdings by CWM LLC and GAMMA Investing LLC recently.
• Nathan's Famous announced a quarterly dividend of $0.50 per share, translating to an annualized dividend yield of 2.1% and a payout ratio of 34.07%.

Banque Cantonale Vaudoise acquired a new position in Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,900 shares of the restaurant operator's stock, valued at approximately $279,000. Banque Cantonale Vaudoise owned approximately 0.07% of Nathan's Famous as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in shares of Nathan's Famous in the 4th quarter worth about $904,000. Pekin Hardy Strauss Inc. bought a new stake in Nathan's Famous in the 1st quarter valued at about $920,000. JPMorgan Chase & Co. lifted its position in Nathan's Famous by 164.1% in the 4th quarter. JPMorgan Chase & Co. now owns 12,527 shares of the restaurant operator's stock valued at $985,000 after purchasing an additional 7,783 shares during the last quarter. Citadel Advisors LLC lifted its position in Nathan's Famous by 187.2% in the 4th quarter. Citadel Advisors LLC now owns 10,088 shares of the restaurant operator's stock valued at $793,000 after purchasing an additional 6,575 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Nathan's Famous by 44.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 13,597 shares of the restaurant operator's stock valued at $1,069,000 after purchasing an additional 4,195 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.

Nathan's Famous Price Performance

Shares of NATH traded down $2.56 during mid-day trading on Thursday, hitting $98.29. The company's stock had a trading volume of 18,395 shares, compared to its average volume of 31,352. The firm has a 50-day moving average price of $106.30 and a 200 day moving average price of $98.58. The stock has a market capitalization of $401.90 million, a price-to-earnings ratio of 16.74 and a beta of 0.38. Nathan's Famous, Inc. has a fifty-two week low of $70.05 and a fifty-two week high of $118.50.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last released its earnings results on Tuesday, June 10th. The restaurant operator reported $1.03 earnings per share for the quarter. Nathan's Famous had a net margin of 16.21% and a negative return on equity of 116.79%. The business had revenue of $30.79 million for the quarter.

Nathan's Famous Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 23rd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 2.0%. Nathan's Famous's payout ratio is presently 34.07%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Nathan's Famous from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th.

Nathan's Famous Profile

Nathan's Famous, Inc engages in the operation of franchised fast-food units. It is involved in the licensing, wholesaling, and retailing of products marketed under the Nathan's Famous brand. The firm operates through the following business segments: Branded Product Program, Product Licensing, Restaurant Operations, and Corporate.