Teton Advisors Inc. lessened its position in Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 180,600 shares of the restaurant operator's stock after selling 30,400 shares during the quarter. Nathan's Famous makes up about 4.6% of Teton Advisors Inc.'s investment portfolio, making the stock its largest holding. Teton Advisors Inc. owned about 4.43% of Nathan's Famous worth $14,089,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Gamco Investors INC. ET AL raised its stake in Nathan's Famous by 1.3% during the third quarter. Gamco Investors INC. ET AL now owns 271,115 shares of the restaurant operator's stock valued at $19,157,000 after buying an additional 3,400 shares during the last quarter. Renaissance Technologies LLC raised its stake in Nathan's Famous by 2.1% during the second quarter. Renaissance Technologies LLC now owns 200,827 shares of the restaurant operator's stock valued at $11,762,000 after buying an additional 4,220 shares during the last quarter. Gabelli Funds LLC raised its stake in Nathan's Famous by 1.1% during the first quarter. Gabelli Funds LLC now owns 166,500 shares of the restaurant operator's stock valued at $9,019,000 after buying an additional 1,785 shares during the last quarter. Vanguard Group Inc. raised its stake in Nathan's Famous by 3.1% during the first quarter. Vanguard Group Inc. now owns 130,926 shares of the restaurant operator's stock valued at $7,092,000 after buying an additional 3,887 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Nathan's Famous by 491.9% in the second quarter. BlackRock Inc. now owns 119,812 shares of the restaurant operator's stock worth $9,410,000 after purchasing an additional 99,569 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company's stock.
Nathan's Famous Stock Performance
Shares of NATH stock traded down $0.65 during mid-day trading on Friday, hitting $67.92. The company's stock had a trading volume of 1,296 shares, compared to its average volume of 3,581. Nathan's Famous, Inc. has a 52-week low of $61.35 and a 52-week high of $83.00. The business has a 50-day moving average price of $68.93 and a 200 day moving average price of $69.47. The stock has a market cap of $277.45 million, a price-to-earnings ratio of 14.61 and a beta of 0.24.
Nathan's Famous (NASDAQ:NATH - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The restaurant operator reported $0.64 earnings per share for the quarter. Nathan's Famous had a negative return on equity of 49.23% and a net margin of 13.84%. The firm had revenue of $28.89 million during the quarter.
Nathan's Famous Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Friday, February 16th. Nathan's Famous's dividend payout ratio is currently 43.01%.
About Nathan's Famous
(
Free Report)
Nathan's Famous, Inc, together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.
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