5,476 Shares in Nathan’s Famous, Inc. $NATH Bought by Principal Financial Group Inc.

Principal Financial Group Inc. bought a new stake in Nathan’s Famous, Inc. (NASDAQ:NATH) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,476 shares of the restaurant operator’s stock, valued at approximately $606,000. Principal Financial Group Inc. owned about 0.13% of Nathan’s Famous as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of NATH. Arrowstreet Capital Limited Partnership increased its holdings in shares of Nathan’s Famous by 155.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 36,188 shares of the restaurant operator’s stock worth $4,002,000 after acquiring an additional 21,998 shares during the period. Axecap Investments LLC increased its stake in shares of Nathan’s Famous by 15.6% in the third quarter. Axecap Investments LLC now owns 22,195 shares of the restaurant operator’s stock valued at $2,458,000 after purchasing an additional 2,992 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Nathan’s Famous by 25.5% during the second quarter. Raymond James Financial Inc. now owns 14,268 shares of the restaurant operator’s stock valued at $1,578,000 after buying an additional 2,900 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Nathan’s Famous by 9.9% during the first quarter. Goldman Sachs Group Inc. now owns 13,451 shares of the restaurant operator’s stock worth $1,296,000 after buying an additional 1,210 shares during the period. Finally, Ritholtz Wealth Management grew its holdings in Nathan’s Famous by 78.4% in the 3rd quarter. Ritholtz Wealth Management now owns 10,332 shares of the restaurant operator’s stock worth $1,144,000 after buying an additional 4,540 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Wall Street Analyst Weigh In

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

Nathan’s Famous Stock Up 0.5%

Shares of NASDAQ NATH opened at $101.05 on Friday. Nathan’s Famous, Inc. has a 12 month low of $88.00 and a 12 month high of $118.50. The company has a market cap of $413.29 million, a price-to-earnings ratio of 19.43 and a beta of 0.34. The business has a fifty day simple moving average of $96.87 and a 200-day simple moving average of $101.13.

Nathan’s Famous (NASDAQ:NATH) last issued its quarterly earnings results on Thursday, February 5th. The restaurant operator reported $0.75 earnings per share 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be issued 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 dividend yield of 2.0%. Nathan’s Famous’s payout ratio is currently 38.46%.

About Nathan’s Famous

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.