Ritholtz Wealth Management Raises Stake in Nathan’s Famous, Inc. $NATH

Ritholtz Wealth Management grew its stake in Nathan’s Famous, Inc. (NASDAQ:NATH) by 53.9% in the second quarter, Holdings Channel reports. The fund owned 5,792 shares of the restaurant operator’s stock after purchasing an additional 2,028 shares during the period. Ritholtz Wealth Management’s holdings in Nathan’s Famous were worth $640,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Annex Advisory Services LLC grew its holdings in shares of Nathan’s Famous by 4.7% in the second quarter. Annex Advisory Services LLC now owns 22,279 shares of the restaurant operator’s stock valued at $2,464,000 after purchasing an additional 995 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Nathan’s Famous by 9.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 13,451 shares of the restaurant operator’s stock valued at $1,296,000 after purchasing an additional 1,210 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Nathan’s Famous by 4.5% in the 1st quarter. Russell Investments Group Ltd. now owns 10,120 shares of the restaurant operator’s stock valued at $975,000 after buying an additional 432 shares during the period. Voss Capital LP purchased a new stake in shares of Nathan’s Famous in the 1st quarter valued at approximately $964,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in shares of Nathan’s Famous during the 1st quarter worth approximately $920,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on NATH shares. Wall Street Zen cut Nathan’s Famous from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Nathan’s Famous in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Nathan’s Famous Stock Performance

Nathan’s Famous stock opened at $109.35 on Monday. The company has a market capitalization of $447.24 million, a PE ratio of 18.98 and a beta of 0.39. Nathan’s Famous, Inc. has a fifty-two week low of $75.14 and a fifty-two week high of $118.50. The firm has a 50 day moving average price of $106.79 and a 200 day moving average price of $103.91.

Nathan’s Famous (NASDAQ:NATH) last released its quarterly earnings results on Friday, August 8th. The restaurant operator reported $2.16 EPS for the quarter. Nathan’s Famous had a negative return on equity of 143.21% and a net margin of 15.74%.The company had revenue of $47.00 million for the quarter.

Nathan’s Famous Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 25th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 25th. Nathan’s Famous’s payout ratio is currently 34.72%.

About Nathan’s Famous

Nathan’s Famous, Inc engages in the operation of franchised fast-food units. It is involved in the licensing, wholesaling, and retailing of products marketed under the Nathan’s Famous brand. The firm operates through the following business segments: Branded Product Program, Product Licensing, Restaurant Operations, and Corporate.