Inspire Investing LLC bought a new position in Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,530 shares of the restaurant operator's stock, valued at approximately $390,000. Inspire Investing LLC owned about 0.09% 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 made changes to their positions in NATH. Summit Securities Group LLC bought a new position in shares of Nathan's Famous in the first quarter worth approximately $48,000. CWM LLC grew its holdings in shares of Nathan's Famous by 34.1% in the first quarter. CWM LLC now owns 822 shares of the restaurant operator's stock worth $79,000 after purchasing an additional 209 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Nathan's Famous by 2,558.9% in the first quarter. Deutsche Bank AG now owns 1,489 shares of the restaurant operator's stock worth $144,000 after purchasing an additional 1,433 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Nathan's Famous by 9,031.6% in the first quarter. GAMMA Investing LLC now owns 1,735 shares of the restaurant operator's stock worth $167,000 after purchasing an additional 1,716 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in Nathan's Famous in the first quarter valued at $183,000. Institutional investors own 66.54% of the company's stock.
Nathan's Famous Trading Up 1.9%
Shares of NATH stock opened at $109.35 on Wednesday. Nathan's Famous, Inc. has a 12 month low of $75.14 and a 12 month high of $118.50. The stock has a market cap of $447.24 million, a PE ratio of 18.98 and a beta of 0.39. The company's fifty day moving average price is $106.19 and its 200-day moving average price is $103.56.
Nathan's Famous (NASDAQ:NATH - Get Free Report) last announced its earnings results on Friday, August 8th. The restaurant operator reported $2.16 EPS for the quarter. The firm had revenue of $47.00 million for the quarter. Nathan's Famous had a net margin of 15.74% and a negative return on equity of 143.21%.
Nathan's Famous Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 25th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, August 25th. Nathan's Famous's payout ratio is currently 34.72%.
Wall Street Analyst Weigh In
NATH has been the topic of several recent analyst reports. Weiss Ratings reiterated a "buy (b+)" rating on shares of Nathan's Famous in a report on Wednesday, October 8th. Wall Street Zen cut shares of Nathan's Famous from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy".
Read Our Latest Stock Analysis on NATH
About Nathan's Famous
(
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.
See Also
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