Nathan’s Famous, Inc. (NASDAQ:NATH) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,290 shares of the restaurant operator’s stock after purchasing an additional 430 shares during the period. Bank of New York Mellon Corp owned 0.79% of Nathan’s Famous worth $2,189,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Victory Capital Management Inc. bought a new stake in shares of Nathan’s Famous during the 4th quarter worth about $104,000. BNP Paribas Financial Markets boosted its stake in Nathan’s Famous by 13.0% during the 4th quarter. BNP Paribas Financial Markets now owns 4,316 shares of the restaurant operator’s stock valued at $337,000 after purchasing an additional 498 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Nathan’s Famous by 17.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 9,651 shares of the restaurant operator’s stock valued at $753,000 after purchasing an additional 1,458 shares during the period. Annex Advisory Services LLC increased its position in shares of Nathan’s Famous by 47.8% during the 4th quarter. Annex Advisory Services LLC now owns 10,690 shares of the restaurant operator’s stock valued at $834,000 after purchasing an additional 3,459 shares during the period. Finally, Corsair Capital Management L.P. raised its stake in shares of Nathan’s Famous by 14.5% in the 4th quarter. Corsair Capital Management L.P. now owns 7,890 shares of the restaurant operator’s stock worth $615,000 after buying an additional 1,000 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th.

Nathan’s Famous Price Performance

NASDAQ:NATH opened at $80.19 on Wednesday. Nathan’s Famous, Inc. has a fifty-two week low of $61.35 and a fifty-two week high of $81.51. The stock’s 50-day moving average is $74.26 and its two-hundred day moving average is $70.27. The stock has a market cap of $327.58 million, a PE ratio of 16.67 and a beta of 0.22.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $2.27 EPS for the quarter. The business had revenue of $44.77 million during the quarter. Nathan’s Famous had a negative return on equity of 66.80% and a net margin of 15.21%.

Nathan’s Famous Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $2.00 annualized dividend and a dividend yield of 2.49%. Nathan’s Famous’s dividend payout ratio is 41.58%.

About Nathan’s Famous

Nathan's Famous, Inc, together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.