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 stake in Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,181 shares of the restaurant operator's stock, valued at approximately $499,000. Nuveen LLC owned 0.13% of Nathan's Famous at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Pekin Hardy Strauss Inc. purchased a new position in shares of Nathan's Famous during the 1st quarter valued at $920,000. Citadel Advisors LLC grew its stake in Nathan's Famous by 187.2% in the fourth quarter. Citadel Advisors LLC now owns 10,088 shares of the restaurant operator's stock valued at $793,000 after purchasing an additional 6,575 shares in the last quarter. Ritholtz Wealth Management acquired a new position in Nathan's Famous in the 1st quarter worth about $363,000. Annex Advisory Services LLC raised its stake in shares of Nathan's Famous by 18.6% during the 1st quarter. Annex Advisory Services LLC now owns 21,284 shares of the restaurant operator's stock worth $2,051,000 after purchasing an additional 3,331 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Nathan's Famous during the 1st quarter valued at about $279,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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 Trading Up 1.4%

Nathan's Famous stock traded up $1.44 on Wednesday, reaching $106.92. 27,499 shares of the stock were exchanged, compared to its average volume of 30,117. Nathan's Famous, Inc. has a twelve month low of $74.60 and a twelve month high of $118.50. The firm has a fifty day moving average price of $103.86 and a two-hundred day moving average price of $101.61. The stock has a market cap of $437.30 million, a PE ratio of 18.56 and a beta of 0.39.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The restaurant operator reported $2.16 earnings per share 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 during the quarter.

Nathan's Famous Announces Dividend

The firm also recently disclosed 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 1.9%. The ex-dividend date of this dividend was Monday, August 25th. Nathan's Famous's dividend payout ratio is currently 34.72%.

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.