Pekin Hardy Strauss Inc. Takes Position in Nathan's Famous, Inc. (NASDAQ:NATH)

Pekin Hardy Strauss Inc. acquired a new position in Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,550 shares of the restaurant operator's stock, valued at approximately $920,000. Pekin Hardy Strauss Inc. owned approximately 0.23% of Nathan's Famous at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NATH. Allspring Global Investments Holdings LLC grew its position in shares of Nathan's Famous by 8.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,492 shares of the restaurant operator's stock worth $529,000 after buying an additional 438 shares during the period. Exchange Traded Concepts LLC purchased a new stake in shares of Nathan's Famous in the 1st quarter worth about $257,000. Ritholtz Wealth Management purchased a new stake in shares of Nathan's Famous in the 1st quarter worth about $363,000. SG Americas Securities LLC grew its position in shares of Nathan's Famous by 152.4% in the 1st quarter. SG Americas Securities LLC now owns 3,503 shares of the restaurant operator's stock worth $338,000 after buying an additional 2,115 shares during the period. Finally, Annex Advisory Services LLC grew its position in shares of Nathan's Famous by 18.6% in the 1st quarter. Annex Advisory Services LLC now owns 21,284 shares of the restaurant operator's stock worth $2,051,000 after buying an additional 3,331 shares during the period. 66.54% of the stock is currently owned by institutional investors.

Nathan's Famous Price Performance

NATH stock traded down $1.88 during trading on Friday, hitting $113.47. 111,305 shares of the stock traded hands, compared to its average volume of 19,645. Nathan's Famous, Inc. has a 1 year low of $69.07 and a 1 year high of $118.50. The firm's 50 day moving average is $107.26 and its two-hundred day moving average is $96.01. The stock has a market cap of $464.09 million, a price-to-earnings ratio of 19.33 and a beta of 0.35.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last announced its quarterly earnings data on Tuesday, June 10th. The restaurant operator reported $1.03 EPS for the quarter. Nathan's Famous had a net margin of 16.21% and a negative return on equity of 116.79%. The company had revenue of $30.79 million for the quarter.

Nathan's Famous Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 23rd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Monday, June 23rd. Nathan's Famous's dividend payout ratio (DPR) is 34.07%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Nathan's Famous from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th.

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.