OMERS ADMINISTRATION Corp Takes Position in Nathan’s Famous, Inc. $NATH

OMERS ADMINISTRATION Corp purchased a new position in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) during the second quarter, Holdings Channel reports. The firm purchased 23,605 shares of the restaurant operator’s stock, valued at approximately $2,398,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL grew its position in shares of Nathan’s Famous by 6.7% during the first quarter. Gamco Investors INC. ET AL now owns 291,086 shares of the restaurant operator’s stock worth $29,321,000 after acquiring an additional 18,250 shares during the last quarter. BlackRock Inc. purchased a new stake in Nathan’s Famous in the 2nd quarter valued at $25,729,000. Gabelli Funds LLC boosted its stake in Nathan’s Famous by 9.2% during the 1st quarter. Gabelli Funds LLC now owns 187,000 shares of the restaurant operator’s stock worth $18,837,000 after purchasing an additional 15,800 shares during the period. Renaissance Technologies LLC boosted its stake in Nathan’s Famous by 8.7% during the 1st quarter. Renaissance Technologies LLC now owns 154,356 shares of the restaurant operator’s stock worth $15,548,000 after purchasing an additional 12,300 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Nathan’s Famous by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 138,170 shares of the restaurant operator’s stock worth $15,301,000 after purchasing an additional 912 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

Nathan’s Famous Trading Down 0.0%

Nathan’s Famous stock opened at $97.85 on Wednesday. Nathan’s Famous, Inc. has a twelve month low of $88.67 and a twelve month high of $113.86. The stock has a 50 day moving average of $99.29 and a two-hundred day moving average of $100.37. The stock has a market capitalization of $401.18 million, a price-to-earnings ratio of 20.26 and a beta of 0.29.

Nathan’s Famous (NASDAQ:NATH) last announced its earnings results on Friday, August 7th. The restaurant operator reported $2.14 earnings per share for the quarter. The company had revenue of $54.06 million for the quarter. Nathan’s Famous had a negative return on equity of 187.25% and a net margin of 11.78%.

Nathan’s Famous Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, June 22nd. Nathan’s Famous’s dividend payout ratio (DPR) is 41.41%.

Analyst Upgrades and Downgrades

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