Polar Asset Management Partners Inc. Invests $2.60 Million in Nathan's Famous, Inc. $NATH

Key Points

• Polar Asset Management Partners acquired 25,633 Nathan’s Famous shares worth approximately $2.60 million, representing about 0.63% of the company. Institutional investors collectively own 66.54% of the stock.
• Nathan’s Famous reported quarterly EPS of $2.14 on revenue of $54.06 million, with an 11.78% net margin. The company also pays a quarterly dividend of $0.50, or $2.00 annually, yielding about 2.0%.
• NATH opened at $97.85, below its 50-day and 200-day moving averages, with a market capitalization of roughly $401 million. The stock maintains an overall “Buy” rating from the tracked analyst coverage.

Polar Asset Management Partners Inc. acquired a new position in Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,633 shares of the restaurant operator's stock, valued at approximately $2,604,000. Polar Asset Management Partners Inc. owned approximately 0.63% of Nathan's Famous as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new position in Nathan's Famous in the second quarter valued at $1,310,000. Legal & General Group Plc bought a new stake in Nathan's Famous during the 2nd quarter worth about $28,000. OMERS ADMINISTRATION Corp bought a new stake in Nathan's Famous during the 2nd quarter worth about $2,398,000. Callan Family Office LLC acquired a new position in shares of Nathan's Famous during the 2nd quarter worth about $216,000. Finally, BlackRock Inc. bought a new position in shares of Nathan's Famous in the 2nd quarter valued at about $25,729,000. Institutional investors and hedge funds own 66.54% of the company's stock.

Nathan's Famous Price Performance

Nathan's Famous stock opened at $97.85 on Wednesday. The company's 50-day moving average is $99.29 and its 200-day moving average is $100.37. The firm has a market capitalization of $401.18 million, a PE ratio of 20.26 and a beta of 0.29. Nathan's Famous, Inc. has a fifty-two week low of $88.67 and a fifty-two week high of $113.86.

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

Nathan's Famous Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis 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 presently 41.41%.

Wall Street Analyst Weigh In

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

Nathan's Famous 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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