Vanguard Group Inc. acquires 1,128 shares of Nathan's Famous, Inc. (NASDAQ:NATH)

Vanguard Group Inc. increased its stake in Nathan's Famous, Inc. (NASDAQ:NATH – Free Report) by 1.0% during the first quarter, the company said in its most recent filing with the Securities and Exchange Commission (SEC) on Form 13F. The fund owned 118,185 shares of the restaurant operator after acquiring an additional 1,128 shares during the same period. Vanguard Group Inc. owned about 2.89% of Nathan's Famous worth $8,367,000, according to its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new position in Nathan's Famous in the fourth quarter valued at about $104,000. Quadrature Capital Ltd acquired a new position in Nathan's Famous in the fourth quarter valued at about $525,000. BNP Paribas Financial Markets increased its position in Nathan's Famous by 5.3% in the first quarter. BNP Paribas Financial Markets now owns 4,546 shares of the restaurant operator's stock valued at $322,000 after acquiring an additional 230 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Nathan's Famous by 17.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 9,651 shares of the restaurant operator's stock valued at $753,000 after acquiring an additional 1,458 shares in the last quarter. Finally, Corsair Capital Management LP increased its position in Nathan's Famous by 14.5% in the fourth quarter. Corsair Capital Management LP now owns 7,890 shares of the restaurant operator's stock worth $615,000 after acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company's stock.

Nathan's famous price performance

NATH shares opened at $74.76 on Friday. The company's 50-day moving average is $70.70 and its 200-day moving average is $68.99. Nathan's Famous, Inc. has a 12-month low of $61.35 and a 12-month high of $79.75. The company has a market cap of $305.39 million, a P/E ratio of 15.54 and a beta of 0.23.

Nathan's Famous (NASDAQ:NATH – Free Report) last released its earnings results on Wednesday, June 12. The restaurant operator reported earnings per share of $0.96 for the quarter. Nathan's Famous had a net margin of 14.15% and a negative return on equity of 55.06%. The company posted revenue of $28.99 million during the quarter.

Nathan's Famous announces dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Monday, August 26th will receive a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Monday, August 26th. Nathan's Famous's Dividend Payout Ratio (DPR) is currently 41.58%.

Upgrades and downgrades by analysts

Separately, StockNews.com upgraded their rating on shares of Nathan's Famous from “buy” to “strong buy” in a research report on Friday, August 9th.

Check out our latest stock report on Nathan's Famous

About Nathan's Famous

(Free report)

Nathan's Famous, Inc., together with its subsidiaries, is engaged in the food service business. The Company owns and operates restaurants under the Nathan's Famous brand name and sells products bearing the Nathan's Famous brands through various distribution channels. It also has licensing agreements for the manufacture, distribution, marketing and sale of Nathan's Famous branded hot dogs, sausages and corned beef products in refrigerated consumer packages for resale through retail channels, such as supermarkets, grocery stores, mass merchandisers and club stores, and other Nathan's Famous branded refrigerated meat products in consumer packages for resale through retail channels.

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