Ritholtz Wealth Management purchased a new position in shares of Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,764 shares of the restaurant operator's stock, valued at approximately $363,000. Ritholtz Wealth Management owned about 0.09% of Nathan's Famous as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Nathan's Famous by 9,031.6% in the first quarter. GAMMA Investing LLC now owns 1,735 shares of the restaurant operator's stock valued at $167,000 after acquiring an additional 1,716 shares during the last quarter. AdvisorShares Investments LLC purchased a new position in Nathan's Famous in the fourth quarter valued at about $149,000. Wells Fargo & Company MN boosted its stake in Nathan's Famous by 45.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,056 shares of the restaurant operator's stock valued at $162,000 after acquiring an additional 639 shares during the last quarter. Bank of America Corp DE boosted its stake in Nathan's Famous by 30.8% in the fourth quarter. Bank of America Corp DE now owns 2,820 shares of the restaurant operator's stock valued at $222,000 after acquiring an additional 664 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Nathan's Famous by 152.4% in the first quarter. SG Americas Securities LLC now owns 3,503 shares of the restaurant operator's stock valued at $338,000 after acquiring an additional 2,115 shares during the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.
Nathan's Famous Trading Up 1.9%
Shares of NASDAQ NATH traded up $2.06 during midday trading on Monday, hitting $111.65. The company's stock had a trading volume of 69,828 shares, compared to its average volume of 15,839. The stock has a fifty day moving average price of $102.63 and a 200 day moving average price of $93.28. Nathan's Famous, Inc. has a one year low of $67.44 and a one year high of $118.50. The firm has a market capitalization of $456.65 million, a price-to-earnings ratio of 19.02 and a beta of 0.35.
Nathan's Famous (NASDAQ:NATH - Get Free Report) last posted its quarterly earnings results on Tuesday, June 10th. The restaurant operator reported $1.03 earnings per share (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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 23rd will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Monday, June 23rd. Nathan's Famous's dividend payout ratio (DPR) is currently 34.07%.
Analyst Ratings Changes
Separately, Wall Street Zen cut shares of Nathan's Famous from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 14th.
Read Our Latest Research Report on NATH
Nathan's Famous Company Profile
(
Free Report)
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.
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