Nathan’s Famous, Inc. (NASDAQ:NATH) Short Interest Update

Nathan’s Famous, Inc. (NASDAQ:NATH) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 94,908 shares, a drop of 13.4% from the January 15th total of 109,618 shares. Approximately 3.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 129,732 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 129,732 shares, the short-interest ratio is presently 0.7 days. Approximately 3.3% of the shares of the stock are short sold.

Nathan’s Famous Stock Down 0.2%

Shares of Nathan’s Famous stock opened at $100.52 on Thursday. The company’s fifty day simple moving average is $96.76 and its two-hundred day simple moving average is $101.13. Nathan’s Famous has a 12-month low of $88.00 and a 12-month high of $118.50. The firm has a market cap of $411.13 million, a PE ratio of 19.33 and a beta of 0.34.

Nathan’s Famous (NASDAQ:NATH) last posted its earnings results on Thursday, February 5th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter. Nathan’s Famous had a negative return on equity of 182.42% and a net margin of 13.59%.The firm had revenue of $34.31 million for the quarter.

Nathan’s Famous Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, February 17th. This represents a $2.00 dividend on an annualized basis and a yield of 2.0%. Nathan’s Famous’s payout ratio is presently 38.46%.

Hedge Funds Weigh In On Nathan’s Famous

Several large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its position in shares of Nathan’s Famous by 204.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator’s stock valued at $43,000 after acquiring an additional 260 shares during the period. State of Wyoming bought a new stake in Nathan’s Famous during the 4th quarter valued at approximately $59,000. Legal & General Group Plc raised its position in shares of Nathan’s Famous by 142.0% during the second quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock valued at $77,000 after buying an additional 406 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Nathan’s Famous by 75.7% in the 2nd quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 381 shares in the last quarter. Finally, Promus Capital LLC bought a new position in Nathan’s Famous during the third quarter valued at approximately $101,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Nathan’s Famous in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Nathan’s Famous presently has a consensus rating of “Buy”.

Nathan’s Famous Company Profile

Nathan’s Famous Inc is a quick-service restaurant company known for its signature all-beef hot dogs and classic American fast-food offerings. The company operates and franchises a network of dining outlets under the Nathan’s Famous brand, serving items such as hamburgers, chicken sandwiches, french fries and specialty sides. In addition to its restaurant business, Nathan’s Famous markets frozen and refrigerated products to retail and foodservice customers across North America.

The company traces its origins to 1916, when founder Nathan Handwerker opened a modest walk-up stand on Coney Island in Brooklyn, New York.