Nuveen LLC Buys New Shares in Nathan's Famous, Inc. $NATH

Key Points

• Nuveen LLC acquired a new position in Nathan's Famous, purchasing 5,181 shares valued at approximately $499,000, representing about 0.13% of the company's outstanding shares.
• Several other hedge funds have also increased their stakes in Nathan's Famous, indicating growing institutional interest in the company.
• Nathan's Famous recently announced a quarterly dividend of $0.50 per share, reflecting a dividend yield of 1.9% and a payout ratio of 34.72%.

Nuveen LLC bought a new position in Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 5,181 shares of the restaurant operator's stock, valued at approximately $499,000. Nuveen LLC owned approximately 0.13% of Nathan's Famous as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in NATH. Wells Fargo & Company MN raised its position in shares of Nathan's Famous by 45.1% in the 4th quarter. Wells Fargo & Company MN now owns 2,056 shares of the restaurant operator's stock worth $162,000 after acquiring an additional 639 shares in the last quarter. Barclays PLC grew its stake in shares of Nathan's Famous by 11.5% in the 4th quarter. Barclays PLC now owns 4,555 shares of the restaurant operator's stock worth $359,000 after buying an additional 471 shares during the last quarter. Northern Trust Corp grew its stake in shares of Nathan's Famous by 1.6% in the 4th quarter. Northern Trust Corp now owns 27,011 shares of the restaurant operator's stock worth $2,123,000 after buying an additional 426 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Nathan's Famous by 30.8% in the 4th quarter. Bank of America Corp DE now owns 2,820 shares of the restaurant operator's stock worth $222,000 after buying an additional 664 shares during the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of Nathan's Famous by 187.2% in the 4th quarter. Citadel Advisors LLC now owns 10,088 shares of the restaurant operator's stock worth $793,000 after buying an additional 6,575 shares during the last quarter. Institutional investors own 66.54% of the company's stock.

Analyst Ratings Changes

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

Nathan's Famous Stock Performance

Shares of Nathan's Famous stock traded down $0.57 during midday trading on Friday, hitting $105.00. The company had a trading volume of 17,942 shares, compared to its average volume of 30,364. The stock has a market capitalization of $429.35 million, a P/E ratio of 18.23 and a beta of 0.39. The company has a 50 day moving average of $104.06 and a 200 day moving average of $101.50. Nathan's Famous, Inc. has a 52-week low of $74.60 and a 52-week high of $118.50.

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

Nathan's Famous Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 25th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, August 25th. Nathan's Famous's dividend payout ratio (DPR) is currently 34.72%.

Nathan's Famous 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.