Royce & Associates LP Raises Stake in Nathan’s Famous, Inc. (NASDAQ:NATH)

Royce & Associates LP lifted its position in Nathan’s Famous, Inc. (NASDAQ:NATH) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 139,528 shares of the restaurant operator’s stock after purchasing an additional 18,851 shares during the period. Royce & Associates LP owned about 3.42% of Nathan’s Famous worth $10,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Nathan’s Famous in the 4th quarter worth $904,000. Crawford Fund Management LLC grew its position in shares of Nathan’s Famous by 11.9% during the third quarter. Crawford Fund Management LLC now owns 97,660 shares of the restaurant operator’s stock worth $7,901,000 after purchasing an additional 10,350 shares in the last quarter. Ellsworth Advisors LLC bought a new stake in Nathan’s Famous during the 4th quarter valued at approximately $589,000. Allspring Global Investments Holdings LLC purchased a new position in Nathan’s Famous in the 4th quarter worth approximately $397,000. Finally, GSA Capital Partners LLP bought a new position in Nathan’s Famous in the 3rd quarter worth approximately $309,000. 66.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 5th.

Nathan’s Famous Stock Up 1.2 %

Shares of NATH stock opened at $93.76 on Tuesday. The stock has a market cap of $383.38 million, a P/E ratio of 16.17 and a beta of 0.15. The company’s fifty day simple moving average is $88.82 and its two-hundred day simple moving average is $84.96. Nathan’s Famous, Inc. has a 52 week low of $64.02 and a 52 week high of $104.96.

Nathan’s Famous (NASDAQ:NATH) last posted its earnings results on Thursday, February 6th. The restaurant operator reported $1.10 EPS for the quarter. Nathan’s Famous had a negative return on equity of 96.05% and a net margin of 16.19%.

Nathan’s Famous Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Tuesday, February 18th. Nathan’s Famous’s dividend payout ratio (DPR) is presently 34.48%.

Nathan’s Famous Profile

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.