Polar Asset Management Partners Inc. Purchases New Position in Nathan’s Famous, Inc. $NATH

Polar Asset Management Partners Inc. acquired a new stake in Nathan’s Famous, Inc. (NASDAQ:NATH) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,400 shares of the restaurant operator’s stock, valued at approximately $745,000. Polar Asset Management Partners Inc. owned approximately 0.18% of Nathan’s Famous at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its position in shares of Nathan’s Famous by 10.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,106 shares of the restaurant operator’s stock worth $103,000 after purchasing an additional 103 shares in the last quarter. First Trust Advisors LP boosted its position in shares of 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 purchasing an additional 200 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Nathan’s Famous by 204.7% in 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 period. SG Americas Securities LLC grew 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 worth $207,000 after buying an additional 304 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in Nathan’s Famous by 75.7% during the 2nd quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator’s stock worth $98,000 after buying an additional 381 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Nathan’s Famous Stock Performance

Shares of NASDAQ:NATH opened at $99.14 on Tuesday. The company has a 50-day simple moving average of $100.73 and a 200-day simple moving average of $100.25. Nathan’s Famous, Inc. has a one year low of $88.67 and a one year high of $113.86. The stock has a market capitalization of $405.88 million, a price-to-earnings ratio of 20.44 and a beta of 0.27.

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

Nathan’s Famous Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.0%. Nathan’s Famous’s payout ratio is presently 41.24%.

Analyst Upgrades and Downgrades

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

About Nathan’s Famous

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.