Commonwealth of Pennsylvania Public School Empls Retrmt SYS Takes $2.44 Million Position in Nathan’s Famous, Inc. $NATH

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 24,200 shares of the restaurant operator’s stock, valued at approximately $2,438,000.

Several other large investors also recently modified their holdings of the business. Tower Research Capital LLC TRC increased its holdings in 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 purchasing an additional 260 shares during the period. State of Wyoming bought a new position in Nathan’s Famous during the 4th quarter valued at approximately $59,000. Legal & General Group Plc lifted its holdings in Nathan’s Famous by 142.0% in the 2nd quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock worth $77,000 after buying an additional 406 shares during the period. State of Alaska Department of Revenue lifted its holdings in Nathan’s Famous by 351.6% in the 4th quarter. State of Alaska Department of Revenue now owns 1,007 shares of the restaurant operator’s stock worth $93,000 after buying an additional 784 shares during the period. Finally, Osaic Holdings Inc. increased its stake in shares of Nathan’s Famous by 75.7% during the second quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator’s stock valued at $98,000 after buying an additional 381 shares during the period. 66.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Nathan’s Famous from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Nathan’s Famous Trading Down 0.1%

NASDAQ:NATH opened at $100.26 on Friday. The company has a 50-day moving average price of $101.19 and a 200-day moving average price of $100.00. The stock has a market cap of $410.06 million, a price-to-earnings ratio of 20.67 and a beta of 0.27. Nathan’s Famous, Inc. has a 12 month low of $88.67 and a 12 month high of $113.86.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings results on Tuesday, June 9th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter. Nathan’s Famous had a net margin of 12.35% and a negative return on equity of 179.01%. The company had revenue of $35.07 million for the quarter.

Nathan’s Famous Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, June 22nd. Nathan’s Famous’s payout ratio is presently 41.24%.

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.