Nuveen LLC Buys Shares of 5,181 Nathan’s Famous, Inc. $NATH

Nuveen LLC bought a new stake in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,181 shares of the restaurant operator’s stock, valued at approximately $499,000. Nuveen LLC owned about 0.13% of Nathan’s Famous at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Northern Trust Corp lifted its position in Nathan’s Famous by 1.6% during the fourth quarter. Northern Trust Corp now owns 27,011 shares of the restaurant operator’s stock worth $2,123,000 after buying an additional 426 shares in the last quarter. Annex Advisory Services LLC lifted its position in Nathan’s Famous by 18.6% during the first quarter. Annex Advisory Services LLC now owns 21,284 shares of the restaurant operator’s stock worth $2,051,000 after buying an additional 3,331 shares in the last quarter. Citadel Advisors LLC increased its stake in Nathan’s Famous by 187.2% during the fourth quarter. Citadel Advisors LLC now owns 10,088 shares of the restaurant operator’s stock worth $793,000 after acquiring an additional 6,575 shares during the last quarter. Pekin Hardy Strauss Inc. acquired a new stake in Nathan’s Famous during the first quarter worth $920,000. Finally, GSA Capital Partners LLP increased its stake in Nathan’s Famous by 18.0% during the first quarter. GSA Capital Partners LLP now owns 6,377 shares of the restaurant operator’s stock worth $615,000 after acquiring an additional 974 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut Nathan’s Famous from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th.

Nathan’s Famous Stock Performance

Nathan’s Famous stock opened at $105.57 on Friday. The stock has a 50-day simple moving average of $104.17 and a 200-day simple moving average of $101.45. The company has a market capitalization of $431.78 million, a P/E ratio of 18.33 and a beta of 0.39. Nathan’s Famous, Inc. has a fifty-two week low of $74.60 and a fifty-two week high of $118.50.

Nathan’s Famous (NASDAQ:NATH) last posted its quarterly earnings data on Friday, August 8th. The restaurant operator reported $2.16 EPS for the quarter. The firm had revenue of $47.00 million during the quarter. Nathan’s Famous had a negative return on equity of 143.21% and a net margin of 15.74%.

Nathan’s Famous Dividend Announcement

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 paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, August 25th. Nathan’s Famous’s dividend payout ratio is 34.72%.

About Nathan’s Famous

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.