Martingale Asset Management L P Takes Position in Nathan's Famous, Inc. $NATH

Key Points

• Martingale Asset Management L P has invested $270,000 in Nathan's Famous, acquiring 2,803 shares, which represents 0.07% of the company.
• Nathan's Famous recently reported earnings of $2.16 per share for the last quarter and has announced a quarterly dividend of $0.50.
• Several major investors have increased their stakes in Nathan's Famous, with JPMorgan Chase & Co. raising their holdings by 164.1% in the last quarter.

Martingale Asset Management L P purchased a new stake in Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,803 shares of the restaurant operator's stock, valued at approximately $270,000. Martingale Asset Management L P owned 0.07% of Nathan's Famous at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of NATH. Raymond James Financial Inc. bought a new stake in shares of Nathan's Famous during the 4th quarter valued at $904,000. Voss Capital LP bought a new stake in Nathan's Famous during the first quarter worth about $964,000. Pekin Hardy Strauss Inc. bought a new stake in Nathan's Famous during the first quarter worth about $920,000. JPMorgan Chase & Co. lifted its position in Nathan's Famous by 164.1% during the fourth quarter. JPMorgan Chase & Co. now owns 12,527 shares of the restaurant operator's stock worth $985,000 after purchasing an additional 7,783 shares during the period. Finally, Citadel Advisors LLC lifted its position in Nathan's Famous by 187.2% during the fourth quarter. Citadel Advisors LLC now owns 10,088 shares of the restaurant operator's stock worth $793,000 after purchasing an additional 6,575 shares during the period. 66.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Nathan's Famous from a "buy" rating to a "hold" rating in a report on Saturday, August 9th.

Nathan's Famous Price Performance

Shares of NATH stock traded down $1.50 on Friday, hitting $104.70. 23,713 shares of the company's stock were exchanged, compared to its average volume of 32,621. Nathan's Famous, Inc. has a 12 month low of $74.60 and a 12 month high of $118.50. The stock has a market cap of $428.12 million, a P/E ratio of 18.18 and a beta of 0.39. The company has a 50 day moving average of $104.63 and a 200 day moving average of $101.33.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The restaurant operator reported $2.16 earnings per share for the quarter. The business had revenue of $47.00 million during the quarter. Nathan's Famous had a negative return on equity of 143.21% and a net margin of 15.74%.

Nathan's Famous Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 25th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, August 25th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.9%. Nathan's Famous's dividend payout ratio is 34.72%.

About Nathan's Famous

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.