Sei Investments Co. Purchases Shares of 5,168 Nathan’s Famous, Inc. $NATH

Sei Investments Co. acquired a new position in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,168 shares of the restaurant operator’s stock, valued at approximately $521,000. Sei Investments Co. owned approximately 0.13% of Nathan’s Famous at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in Nathan’s Famous by 204.7% in the second quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 260 shares during the last quarter. State of Wyoming purchased a new position in shares of Nathan’s Famous in the 4th quarter worth $59,000. Legal & General Group Plc grew its stake in shares of Nathan’s Famous by 142.0% in the 2nd quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock worth $77,000 after buying an additional 406 shares in the last quarter. 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 buying an additional 381 shares during the last quarter. Finally, 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 buying an additional 784 shares during the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Nathan’s Famous Stock Up 0.2%

NASDAQ NATH opened at $96.97 on Friday. The company has a fifty day moving average of $99.86 and a two-hundred day moving average of $100.55. The firm has a market capitalization of $397.58 million, a price-to-earnings ratio of 20.08 and a beta of 0.29. 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 earnings results on Friday, August 7th. The restaurant operator reported $2.14 earnings per share for the quarter. The business had revenue of $54.06 million for the quarter. Nathan’s Famous had a net margin of 11.78% and a negative return on equity of 187.25%.

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 2.1%. The ex-dividend date of this dividend was Monday, June 22nd. Nathan’s Famous’s dividend payout ratio is 41.41%.

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.