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

Polar Asset Management Partners Inc. bought a new position in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 25,633 shares of the restaurant operator’s stock, valued at approximately $2,604,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hsbc Holdings PLC acquired a new position in Nathan’s Famous in the 2nd quarter valued at about $1,310,000. Legal & General Group Plc acquired a new stake in Nathan’s Famous during the second quarter worth approximately $28,000. OMERS ADMINISTRATION Corp acquired a new stake in Nathan’s Famous during the second quarter worth approximately $2,398,000. Callan Family Office LLC bought a new stake in shares of Nathan’s Famous during the second quarter worth approximately $216,000. Finally, BlackRock Inc. bought a new stake in shares of Nathan’s Famous during the second quarter worth approximately $25,729,000. Institutional investors own 66.54% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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 MarketBeat, the stock has a consensus rating of “Buy”.

Nathan’s Famous Stock Performance

NATH opened at $97.85 on Wednesday. The stock has a fifty day moving average of $99.29 and a 200-day moving average of $100.37. The company has a market capitalization of $401.18 million, a P/E ratio of 20.26 and a beta of 0.29. Nathan’s Famous, Inc. has a fifty-two week low of $88.67 and a fifty-two week high of $113.86.

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

Nathan’s Famous Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders 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 yield of 2.0%. Nathan’s Famous’s payout ratio is currently 41.41%.

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.