AlphaQuest LLC Invests $110,000 in Nathan’s Famous, Inc. $NATH

AlphaQuest LLC purchased a new position in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 996 shares of the restaurant operator’s stock, valued at approximately $110,000.

Other large investors also recently made changes to their positions in the company. Summit Securities Group LLC purchased a new position in shares of Nathan’s Famous during the 1st quarter worth $48,000. CWM LLC lifted its stake in shares of Nathan’s Famous by 34.1% during the 1st quarter. CWM LLC now owns 822 shares of the restaurant operator’s stock worth $79,000 after purchasing an additional 209 shares during the period. Deutsche Bank AG lifted its stake in shares of Nathan’s Famous by 2,558.9% during the 1st quarter. Deutsche Bank AG now owns 1,489 shares of the restaurant operator’s stock worth $144,000 after purchasing an additional 1,433 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Nathan’s Famous during the 1st quarter worth $183,000. Finally, Legato Capital Management LLC purchased a new position in shares of Nathan’s Famous during the 1st quarter worth $216,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Nathan’s Famous Stock Performance

NATH opened at $106.95 on Wednesday. The firm has a 50 day moving average price of $107.41 and a 200 day moving average price of $105.25. The company has a market cap of $437.32 million, a PE ratio of 18.57 and a beta of 0.39. Nathan’s Famous, Inc. has a 1 year low of $75.14 and a 1 year high of $118.50.

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

Nathan’s Famous Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 25th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, August 25th. Nathan’s Famous’s dividend payout ratio is 34.72%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NATH shares. Weiss Ratings reissued a “buy (b+)” rating on shares of Nathan’s Famous in a research note on Wednesday, October 8th. Wall Street Zen lowered Nathan’s Famous from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Nathan’s Famous Profile

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.