Martingale Asset Management L P Invests $270,000 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 acquired 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 disclosure with the Securities & Exchange Commission. The institutional investor acquired 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 large investors have also modified their holdings of the stock. Northern Trust Corp increased its position in shares of Nathan's Famous by 1.6% during the fourth 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 during the period. Annex Advisory Services LLC increased its holdings in Nathan's Famous by 18.6% in the first quarter. Annex Advisory Services LLC now owns 21,284 shares of the restaurant operator's stock valued at $2,051,000 after buying an additional 3,331 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Nathan's Famous by 164.1% in the fourth quarter. JPMorgan Chase & Co. now owns 12,527 shares of the restaurant operator's stock valued at $985,000 after buying an additional 7,783 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Nathan's Famous in the fourth quarter valued at $904,000. Finally, Russell Investments Group Ltd. increased its holdings in Nathan's Famous by 4.5% in the first quarter. Russell Investments Group Ltd. now owns 10,120 shares of the restaurant operator's stock valued at $975,000 after buying an additional 432 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company's stock.

Nathan's Famous Price Performance

NASDAQ NATH opened at $107.37 on Tuesday. Nathan's Famous, Inc. has a 1 year low of $74.60 and a 1 year high of $118.50. The company has a market capitalization of $439.04 million, a PE ratio of 18.64 and a beta of 0.38. The company has a fifty day moving average of $104.90 and a two-hundred day moving average of $100.88.

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

Nathan's Famous Announces Dividend

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

Analyst Upgrades and Downgrades

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

Nathan's Famous Company Profile

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.

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