Nathan’s Famous, Inc. (NASDAQ:NATH) Short Interest Down 13.4% in January

Nathan’s Famous, Inc. (NASDAQ:NATH) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 94,908 shares, a drop of 13.4% from the January 15th total of 109,618 shares. Approximately 3.3% of the company’s stock are sold short. Based on an average trading volume of 129,732 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 129,732 shares, the short-interest ratio is presently 0.7 days. Approximately 3.3% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nathan’s Famous in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Nathan’s Famous

Several hedge funds have recently bought and sold shares of NATH. Tower Research Capital LLC TRC increased its holdings in 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 in the last quarter. State of Wyoming acquired a new stake in Nathan’s Famous during the fourth quarter worth about $59,000. Legal & General Group Plc boosted its position in Nathan’s Famous by 142.0% during the 2nd quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock valued at $77,000 after purchasing an additional 406 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Nathan’s Famous by 351.6% in the 4th quarter. State of Alaska Department of Revenue now owns 1,007 shares of the restaurant operator’s stock worth $93,000 after acquiring an additional 784 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in 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 buying an additional 381 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Nathan’s Famous Stock Up 0.1%

NASDAQ:NATH traded up $0.09 during trading hours on Tuesday, reaching $100.84. 6,865 shares of the company’s stock were exchanged, compared to its average volume of 70,231. The company has a 50-day moving average of $96.43 and a 200 day moving average of $101.09. Nathan’s Famous has a 1-year low of $88.00 and a 1-year high of $118.50. The firm has a market capitalization of $412.44 million, a price-to-earnings ratio of 19.39 and a beta of 0.34.

Nathan’s Famous (NASDAQ:NATH) last released its quarterly earnings results on Thursday, February 5th. The restaurant operator reported $0.75 EPS for the quarter. The business had revenue of $34.31 million during the quarter. Nathan’s Famous had a negative return on equity of 182.42% and a net margin of 13.59%.

Nathan’s Famous Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.00 annualized dividend and a dividend yield of 2.0%. Nathan’s Famous’s payout ratio is 38.46%.

Nathan’s Famous Company 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.