32,485 Shares in Nathan’s Famous, Inc. $NATH Acquired by CenterBook Partners LP

CenterBook Partners LP bought a new stake in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 32,485 shares of the restaurant operator’s stock, valued at approximately $3,597,000. CenterBook Partners LP owned about 0.79% of Nathan’s Famous at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in shares of Nathan’s Famous by 204.7% in the second quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 260 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Nathan’s Famous by 142.0% during the 2nd quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock worth $77,000 after acquiring an additional 406 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of 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 acquiring an additional 381 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of Nathan’s Famous in the 2nd quarter worth $110,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Nathan’s Famous by 16,616.7% during the second quarter. PNC Financial Services Group Inc. now owns 1,003 shares of the restaurant operator’s stock worth $111,000 after purchasing an additional 997 shares during the period. 66.54% of the stock is currently owned by institutional investors.

Nathan’s Famous Stock Performance

NASDAQ NATH opened at $100.52 on Thursday. Nathan’s Famous, Inc. has a twelve month low of $88.00 and a twelve month high of $118.50. The stock has a market cap of $411.13 million, a price-to-earnings ratio of 19.33 and a beta of 0.34. The firm’s 50 day moving average price is $96.76 and its two-hundred day moving average price is $101.13.

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

Nathan’s Famous Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, February 17th. Nathan’s Famous’s dividend payout ratio is currently 38.46%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nathan’s Famous in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to 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.