Dimensional Fund Advisors LP Sells 90,351 Shares of Nathan's Famous, Inc. $NATH

Key Points

• Dimensional Fund Advisors LP reduced its Nathan’s Famous position by 67.8%, selling 90,351 shares and retaining 42,853 shares worth approximately $4.32 million, or 1.05% of the company.
• Other institutional investors initiated or increased positions, with hedge funds and institutions collectively owning 66.54% of Nathan’s Famous. The stock maintains an average “Buy” rating from analysts.
• Nathan’s Famous reported quarterly revenue of $54.06 million and earnings of $2.14 per share, while maintaining a quarterly dividend of $0.50, equivalent to a 2.1% yield.

Dimensional Fund Advisors LP trimmed its position in shares of Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) by 67.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,853 shares of the restaurant operator's stock after selling 90,351 shares during the period. Dimensional Fund Advisors LP owned about 1.05% of Nathan's Famous worth $4,317,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Nathan's Famous during the first quarter worth approximately $2,438,000. ABC Arbitrage SA bought a new position in Nathan's Famous in the first quarter valued at approximately $5,435,000. Credit Industriel ET Commercial bought a new position in Nathan's Famous in the first quarter valued at approximately $4,313,000. Osaic Holdings Inc. grew its holdings in 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 during the period. Finally, Tower Research Capital LLC TRC grew 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 worth $43,000 after acquiring an additional 260 shares during the period. 66.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "buy (b-)" rating on shares of Nathan's Famous in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Nathan's Famous presently has an average rating of "Buy".

Nathan's Famous Trading Down 0.6%

Nathan's Famous stock opened at $96.86 on Thursday. The firm has a market capitalization of $397.13 million, a P/E ratio of 20.05 and a beta of 0.29. The business has a 50-day moving average of $100.05 and a 200-day moving average of $100.61. Nathan's Famous, Inc. has a 1 year low of $88.67 and a 1 year high of $113.86.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The restaurant operator reported $2.14 earnings per share for the quarter. Nathan's Famous had a net margin of 11.78% and a negative return on equity of 168.85%. The business had revenue of $54.06 million for the quarter.

Nathan's Famous Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders 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 2.1%. Nathan's Famous's dividend payout ratio (DPR) is 41.41%.

Nathan's Famous 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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