Exchange Traded Concepts LLC bought a new position in shares of Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,662 shares of the restaurant operator's stock, valued at approximately $257,000. Exchange Traded Concepts LLC owned approximately 0.07% of Nathan's Famous as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Royce & Associates LP boosted its position in shares of Nathan's Famous by 15.6% during the 4th quarter. Royce & Associates LP now owns 139,528 shares of the restaurant operator's stock worth $10,968,000 after acquiring an additional 18,851 shares in the last quarter. Northern Trust Corp boosted its position in shares of Nathan's Famous by 1.6% during the 4th quarter. Northern Trust Corp now owns 27,011 shares of the restaurant operator's stock worth $2,123,000 after acquiring an additional 426 shares in the last quarter. Annex Advisory Services LLC boosted its position in shares of Nathan's Famous by 18.6% during the 1st quarter. Annex Advisory Services LLC now owns 21,284 shares of the restaurant operator's stock worth $2,051,000 after acquiring an additional 3,331 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Nathan's Famous by 44.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 13,597 shares of the restaurant operator's stock worth $1,069,000 after acquiring an additional 4,195 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Nathan's Famous by 164.1% during the 4th quarter. JPMorgan Chase & Co. now owns 12,527 shares of the restaurant operator's stock worth $985,000 after acquiring an additional 7,783 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered shares of Nathan's Famous from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th.
Read Our Latest Analysis on NATH
Nathan's Famous Trading Down 0.1%
NASDAQ NATH opened at $109.59 on Monday. The firm has a market capitalization of $448.22 million, a price-to-earnings ratio of 18.67 and a beta of 0.35. The firm's 50 day simple moving average is $102.63 and its 200 day simple moving average is $93.28. Nathan's Famous, Inc. has a 1 year low of $67.44 and a 1 year high of $118.50.
Nathan's Famous (NASDAQ:NATH - Get Free Report) last posted its quarterly earnings results on Tuesday, June 10th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter. The business had revenue of $30.79 million for the quarter. Nathan's Famous had a net margin of 16.21% and a negative return on equity of 116.79%.
Nathan's Famous Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 23rd will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.82%. The ex-dividend date is Monday, June 23rd. Nathan's Famous's payout ratio is 34.07%.
Nathan's Famous Company Profile
(
Free Report)
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.
Further Reading
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