OMERS ADMINISTRATION Corp Makes New $2.40 Million Investment in Nathan's Famous, Inc. $NATH

Key Points

• OMERS Administration Corp purchased 23,605 shares of Nathan’s Famous worth approximately $2.4 million, acquiring about a 0.58% stake. Institutional investors collectively own 66.54% of the company.
• Analyst sentiment remains positive: Weiss Ratings reiterated a “buy” rating, and Nathan’s Famous has an average analyst rating of “Buy.”
• Nathan’s Famous reported quarterly revenue of $54.06 million and earnings of $2.14 per share. The company also maintains a quarterly dividend of $0.50 per share, equivalent to a 2.0% annual yield.

OMERS ADMINISTRATION Corp purchased a new position in shares of Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,605 shares of the restaurant operator's stock, valued at approximately $2,398,000. OMERS ADMINISTRATION Corp owned approximately 0.58% of Nathan's Famous as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in NATH. Gamco Investors INC. ET AL raised its stake in shares of Nathan's Famous by 6.7% in the first quarter. Gamco Investors INC. ET AL now owns 291,086 shares of the restaurant operator's stock valued at $29,321,000 after acquiring an additional 18,250 shares in the last quarter. BlackRock Inc. acquired a new position in Nathan's Famous during the 2nd quarter worth $25,729,000. Gabelli Funds LLC increased its holdings in Nathan's Famous by 9.2% during the 1st quarter. Gabelli Funds LLC now owns 187,000 shares of the restaurant operator's stock worth $18,837,000 after purchasing an additional 15,800 shares during the period. Renaissance Technologies LLC increased its holdings in Nathan's Famous by 8.7% during the 1st quarter. Renaissance Technologies LLC now owns 154,356 shares of the restaurant operator's stock worth $15,548,000 after purchasing an additional 12,300 shares during the period. Finally, Vanguard Group Inc. raised its position in Nathan's Famous by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 138,170 shares of the restaurant operator's stock valued at $15,301,000 after purchasing an additional 912 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company's stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "buy (b-)" rating on shares of Nathan's Famous in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy".

Nathan's Famous Trading Down 0.0%

Nathan's Famous stock opened at $97.85 on Wednesday. The company has a fifty day simple moving average of $99.29 and a 200-day simple moving average of $100.37. The stock has a market cap of $401.18 million, a P/E ratio of 20.26 and a beta of 0.29. Nathan's Famous, Inc. has a 12-month low of $88.67 and a 12-month high of $113.86.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last posted its earnings results on Friday, August 7th. The restaurant operator reported $2.14 EPS for the quarter. Nathan's Famous had a negative return on equity of 187.25% and a net margin of 11.78%.The firm had revenue of $54.06 million for the quarter.

Nathan's Famous Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, June 22nd. Nathan's Famous's dividend payout ratio (DPR) is 41.41%.

Nathan's Famous Company Profile

Nathan's Famous Inc is a quick-service restaurant company known for its signature all-beef hot dogs and classic American fast-food offerings. The company operates and franchises a network of dining outlets under the Nathan's Famous brand, serving items such as hamburgers, chicken sandwiches, french fries and specialty sides. In addition to its restaurant business, Nathan's Famous markets frozen and refrigerated products to retail and foodservice customers across North America.

The company traces its origins to 1916, when founder Nathan Handwerker opened a modest walk-up stand on Coney Island in Brooklyn, New York.

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