Goldman Sachs Group Inc. Has $1.30 Million Stock Holdings in Nathan’s Famous, Inc. $NATH

Goldman Sachs Group Inc. raised its position in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) by 9.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,451 shares of the restaurant operator’s stock after buying an additional 1,210 shares during the period. Goldman Sachs Group Inc. owned about 0.33% of Nathan’s Famous worth $1,296,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of NATH. Northern Trust Corp increased its holdings in Nathan’s Famous by 1.6% during the 4th quarter. Northern Trust Corp now owns 27,011 shares of the restaurant operator’s stock valued at $2,123,000 after purchasing an additional 426 shares in the last quarter. Annex Advisory Services LLC increased its holdings in Nathan’s Famous by 18.6% during the 1st quarter. Annex Advisory Services LLC now owns 21,284 shares of the restaurant operator’s stock valued at $2,051,000 after purchasing an additional 3,331 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Nathan’s Famous by 4.5% during the 1st 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. Citadel Advisors LLC increased its holdings in Nathan’s Famous by 187.2% during the 4th quarter. Citadel Advisors LLC now owns 10,088 shares of the restaurant operator’s stock valued at $793,000 after purchasing an additional 6,575 shares in the last quarter. Finally, Voss Capital LP acquired a new stake in Nathan’s Famous during the 1st quarter valued at $964,000. 66.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Nathan’s Famous Price Performance

NATH opened at $102.97 on Friday. Nathan’s Famous, Inc. has a one year low of $75.14 and a one year high of $118.50. The company’s 50 day simple moving average is $103.10 and its 200-day simple moving average is $101.93. The stock has a market capitalization of $421.15 million, a P/E ratio of 17.88 and a beta of 0.39.

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

Nathan’s Famous Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 25th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $2.00 dividend on an annualized basis and a yield of 1.9%. Nathan’s Famous’s dividend payout ratio (DPR) is presently 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.