Annex Advisory Services LLC Boosts Position in Nathan’s Famous, Inc. (NASDAQ:NATH)

Annex Advisory Services LLC grew its stake in Nathan’s Famous, Inc. (NASDAQ:NATH) by 7.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,771 shares of the restaurant operator’s stock after acquiring an additional 878 shares during the quarter. Annex Advisory Services LLC’s holdings in Nathan’s Famous were worth $866,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its holdings in Nathan’s Famous by 102.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 336 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 170 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Nathan’s Famous in the 4th quarter worth $104,000. BNP Paribas Financial Markets raised its stake in shares of Nathan’s Famous by 5.3% in the 1st quarter. BNP Paribas Financial Markets now owns 4,546 shares of the restaurant operator’s stock worth $322,000 after buying an additional 230 shares in the last quarter. Meixler Investment Management Ltd. acquired a new position in shares of Nathan’s Famous in the 1st quarter worth $322,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Nathan’s Famous during the fourth quarter valued at $525,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Nathan’s Famous Price Performance

Shares of NASDAQ NATH traded up $0.20 during trading hours on Friday, hitting $72.85. 8,198 shares of the company’s stock were exchanged, compared to its average volume of 5,708. Nathan’s Famous, Inc. has a 1-year low of $61.35 and a 1-year high of $79.75. The stock has a market capitalization of $297.59 million, a price-to-earnings ratio of 15.15 and a beta of 0.23. The company’s 50-day moving average price is $70.41 and its 200-day moving average price is $68.94.

Nathan’s Famous (NASDAQ:NATH) last issued its quarterly earnings data on Wednesday, June 12th. The restaurant operator reported $0.96 earnings per share for the quarter. Nathan’s Famous had a net margin of 14.15% and a negative return on equity of 55.06%. The company had revenue of $28.99 million for the quarter.

Nathan’s Famous Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Monday, August 26th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Monday, August 26th. Nathan’s Famous’s dividend payout ratio is currently 41.58%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a research note on Friday.

Nathan’s Famous Profile

Nathan's Famous, Inc, together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.