OMERS ADMINISTRATION Corp Invests $3.02 Million in Nathan’s Famous, Inc. $NATH

OMERS ADMINISTRATION Corp purchased a new position in Nathan’s Famous, Inc. (NASDAQ:NATH) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 30,000 shares of the restaurant operator’s stock, valued at approximately $3,022,000.

Several other institutional investors also recently bought and sold shares of NATH. PNC Financial Services Group Inc. raised its holdings in Nathan’s Famous by 10.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,106 shares of the restaurant operator’s stock worth $103,000 after acquiring an additional 103 shares during the last quarter. First Trust Advisors LP lifted its position in Nathan’s Famous by 2.5% in the 4th quarter. First Trust Advisors LP now owns 8,276 shares of the restaurant operator’s stock valued at $774,000 after acquiring an additional 200 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake 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 last quarter. SG Americas Securities LLC boosted its stake in Nathan’s Famous by 15.9% during the 4th quarter. SG Americas Securities LLC now owns 2,214 shares of the restaurant operator’s stock valued at $207,000 after purchasing an additional 304 shares during the last quarter. Finally, Osaic Holdings Inc. increased 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 purchasing an additional 381 shares in the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Nathan’s Famous Stock Up 0.3%

Shares of NASDAQ NATH opened at $99.40 on Wednesday. The firm’s 50-day moving average price is $100.70 and its 200-day moving average price is $100.31. The company has a market cap of $407.54 million, a PE ratio of 20.49 and a beta of 0.27. Nathan’s Famous, Inc. has a 52-week low of $88.67 and a 52-week 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 EPS for the quarter. The firm had revenue of $35.07 million during the quarter. Nathan’s Famous had a net margin of 12.35% and a negative return on equity of 179.01%.

Nathan’s Famous Dividend Announcement

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

Wall Street Analyst Weigh In

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

Nathan’s Famous 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.