Rhumbline Advisers Increases Stock Position in Nathan’s Famous, Inc. $NATH

Rhumbline Advisers increased its holdings in Nathan’s Famous, Inc. (NASDAQ:NATH) by 6.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,171 shares of the restaurant operator’s stock after buying an additional 267 shares during the quarter. Rhumbline Advisers owned 0.10% of Nathan’s Famous worth $402,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Ellsworth Advisors LLC lifted its holdings in Nathan’s Famous by 7.1% during the first quarter. Ellsworth Advisors LLC now owns 8,030 shares of the restaurant operator’s stock valued at $774,000 after purchasing an additional 531 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Nathan’s Famous by 9.9% in the first quarter. Goldman Sachs Group Inc. now owns 13,451 shares of the restaurant operator’s stock worth $1,296,000 after purchasing an additional 1,210 shares during the last quarter. AQR Capital Management LLC bought a new position in Nathan’s Famous during the first quarter valued at $255,000. Martingale Asset Management L P bought a new position in Nathan’s Famous during the first quarter valued at $270,000. Finally, Voss Capital LP purchased a new stake in shares of Nathan’s Famous during the first quarter valued at $964,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Nathan’s Famous Trading Up 0.1%

Shares of NASDAQ:NATH opened at $106.56 on Thursday. Nathan’s Famous, Inc. has a twelve month low of $75.14 and a twelve month high of $118.50. The company’s 50 day moving average is $103.00 and its 200 day moving average is $102.09. The company has a market cap of $435.83 million, a PE ratio of 18.50 and a beta of 0.39.

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

Nathan’s Famous Dividend Announcement

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