Gabelli Funds LLC Increases Stock Holdings in Nathan’s Famous, Inc. $NATH

Gabelli Funds LLC raised its position in Nathan’s Famous, Inc. (NASDAQ:NATH) by 9.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 187,000 shares of the restaurant operator’s stock after acquiring an additional 15,800 shares during the quarter. Gabelli Funds LLC’s holdings in Nathan’s Famous were worth $18,837,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its position in shares of Nathan’s Famous by 204.7% during the second quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 260 shares in the last quarter. State of Wyoming purchased a new position in shares of Nathan’s Famous in the fourth quarter valued at approximately $59,000. Legal & General Group Plc grew its holdings in shares of Nathan’s Famous by 142.0% in the second quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock valued at $77,000 after purchasing 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 second quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator’s stock valued at $98,000 after purchasing an additional 381 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Nathan’s Famous by 351.6% in the fourth quarter. State of Alaska Department of Revenue now owns 1,007 shares of the restaurant operator’s stock valued at $93,000 after purchasing an additional 784 shares in the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Nathan’s Famous in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Nathan’s Famous presently has an average rating of “Buy”.

Nathan’s Famous Trading Down 0.1%

NASDAQ:NATH opened at $98.18 on Friday. Nathan’s Famous, Inc. has a 12-month low of $88.67 and a 12-month high of $113.86. The firm has a market cap of $401.56 million, a PE ratio of 20.24 and a beta of 0.27. The stock has a fifty day moving average price of $100.76 and a 200 day moving average price of $100.14.

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

Nathan’s Famous Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 22nd. 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 41.24%.

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.