Voss Capital LP Acquires New Shares in Nathan's Famous, Inc. $NATH

Key Points

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Voss Capital LP bought a new stake in Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the restaurant operator's stock, valued at approximately $964,000. Voss Capital LP owned approximately 0.24% of Nathan's Famous as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Summit Securities Group LLC purchased a new position in shares of Nathan's Famous in the first quarter valued at $48,000. Russell Investments Group Ltd. grew its holdings in shares of Nathan's Famous by 4.5% in the first quarter. Russell Investments Group Ltd. now owns 10,120 shares of the restaurant operator's stock valued at $975,000 after purchasing an additional 432 shares in the last quarter. Nuveen LLC purchased a new position in shares of Nathan's Famous in the first quarter valued at $499,000. Invesco Ltd. purchased a new position in shares of Nathan's Famous in the first quarter valued at $223,000. Finally, Deutsche Bank AG grew its holdings in shares of Nathan's Famous by 2,558.9% in the first quarter. Deutsche Bank AG now owns 1,489 shares of the restaurant operator's stock valued at $144,000 after purchasing an additional 1,433 shares in the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Nathan's Famous from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th.

Nathan's Famous Stock Up 1.5%

NATH traded up $1.62 during trading on Friday, reaching $108.92. The company had a trading volume of 23,813 shares, compared to its average volume of 34,246. The stock has a market cap of $445.48 million, a P/E ratio of 18.91 and a beta of 0.38. The business has a 50 day simple moving average of $104.97 and a 200-day simple moving average of $100.72. Nathan's Famous, Inc. has a 52 week low of $74.60 and a 52 week high of $118.50.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The restaurant operator reported $2.16 earnings per share (EPS) for the quarter. Nathan's Famous had a negative return on equity of 143.21% and a net margin of 15.74%.The company had revenue of $47.00 million during the quarter.

Nathan's Famous Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 25th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, August 25th. Nathan's Famous's dividend payout ratio (DPR) is 34.72%.

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.