Ritholtz Wealth Management Invests $363,000 in Nathan's Famous, Inc. (NASDAQ:NATH)

Ritholtz Wealth Management acquired a new position in Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,764 shares of the restaurant operator's stock, valued at approximately $363,000. Ritholtz Wealth Management owned 0.09% of Nathan's Famous as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NATH. GAMMA Investing LLC increased its position in shares of Nathan's Famous by 9,031.6% during the 1st quarter. GAMMA Investing LLC now owns 1,735 shares of the restaurant operator's stock valued at $167,000 after purchasing an additional 1,716 shares during the period. AdvisorShares Investments LLC acquired a new position in Nathan's Famous during the fourth quarter worth about $149,000. Wells Fargo & Company MN raised its position 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 worth $162,000 after acquiring an additional 639 shares in the last quarter. Bank of America Corp DE lifted its holdings in Nathan's Famous by 30.8% in the 4th 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 lifted its holdings in 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 valued at $338,000 after acquiring an additional 2,115 shares during the last quarter. Institutional investors own 66.54% of the company's stock.

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.

Nathan's Famous Stock Down 0.1%

Nathan's Famous stock traded down $0.16 during mid-day trading on Friday, hitting $109.59. The company's stock had a trading volume of 72,288 shares, compared to its average volume of 15,574. The stock has a market capitalization of $448.22 million, a P/E ratio of 18.67 and a beta of 0.35. Nathan's Famous, Inc. has a twelve month low of $67.44 and a twelve month high of $118.50. The stock's fifty day moving average price is $102.30 and its two-hundred day moving average price is $93.03.

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

Nathan's Famous Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 23rd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.82%. The ex-dividend date is Monday, June 23rd. Nathan's Famous's payout ratio is 34.07%.

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.