Hsbc Holdings PLC Invests $1.31 Million in Nathan's Famous, Inc. $NATH

Key Points

• Hsbc Holdings PLC purchased 12,908 shares of Nathan’s Famous in the second quarter, valued at approximately $1.31 million and representing about 0.31% of the company.
• Institutional investors own 66.54% of Nathan’s Famous, with Gamco Investors, BlackRock, Gabelli Funds, Renaissance Technologies and Vanguard among the notable shareholders increasing or initiating positions.
• Nathan’s Famous reported quarterly EPS of $2.14 on $54.06 million in revenue and maintains a $0.50 quarterly dividend, equivalent to a $2.00 annualized payout and a 2.0% yield.

Hsbc Holdings PLC purchased a new stake in shares of Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,908 shares of the restaurant operator's stock, valued at approximately $1,310,000. Hsbc Holdings PLC owned approximately 0.31% of Nathan's Famous as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Gamco Investors INC. ET AL grew its stake in Nathan's Famous by 6.7% in the first quarter. Gamco Investors INC. ET AL now owns 291,086 shares of the restaurant operator's stock worth $29,321,000 after purchasing an additional 18,250 shares in the last quarter. BlackRock Inc. bought a new stake in Nathan's Famous during the 2nd quarter valued at $25,729,000. Gabelli Funds LLC raised its position in Nathan's Famous by 9.2% during the 1st quarter. Gabelli Funds LLC now owns 187,000 shares of the restaurant operator's stock valued at $18,837,000 after purchasing an additional 15,800 shares in the last quarter. Renaissance Technologies LLC raised its position in Nathan's Famous by 8.7% during the 1st quarter. Renaissance Technologies LLC now owns 154,356 shares of the restaurant operator's stock valued at $15,548,000 after purchasing an additional 12,300 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Nathan's Famous by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 138,170 shares of the restaurant operator's stock worth $15,301,000 after buying an additional 912 shares during the period. Institutional investors own 66.54% of the company's stock.

Analyst Ratings Changes

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

Nathan's Famous Stock Performance

NASDAQ:NATH opened at $97.86 on Tuesday. The firm has a 50-day simple moving average of $99.01 and a 200-day simple moving average of $100.28. Nathan's Famous, Inc. has a one year low of $88.67 and a one year high of $113.86. The firm has a market cap of $401.23 million, a P/E ratio of 20.26 and a beta of 0.29.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The restaurant operator reported $2.14 earnings per share (EPS) for the quarter. The firm had revenue of $54.06 million for 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 announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.50 per share. The ex-dividend date was Monday, June 22nd. This represents a $2.00 dividend on an annualized basis and a yield of 2.0%. Nathan's Famous's dividend payout ratio is currently 41.41%.

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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