Nathan’s Famous, Inc. (NASDAQ:NATH) Stock Holdings Lifted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its position in Nathan’s Famous, Inc. (NASDAQ:NATH) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,234 shares of the restaurant operator’s stock after acquiring an additional 310 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Nathan’s Famous were worth $909,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NATH. Gamco Investors INC. ET AL raised its stake in Nathan’s Famous by 1.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 279,428 shares of the restaurant operator’s stock valued at $19,784,000 after purchasing an additional 3,113 shares during the period. Vanguard Group Inc. grew its holdings in shares of Nathan’s Famous by 1.0% during the first quarter. Vanguard Group Inc. now owns 118,185 shares of the restaurant operator’s stock valued at $8,367,000 after buying an additional 1,128 shares in the last quarter. Bank of New York Mellon Corp raised its position in Nathan’s Famous by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 32,290 shares of the restaurant operator’s stock valued at $2,189,000 after buying an additional 430 shares during the period. Annex Advisory Services LLC lifted its stake in Nathan’s Famous by 15.4% in the 3rd quarter. Annex Advisory Services LLC now owns 14,732 shares of the restaurant operator’s stock worth $1,192,000 after acquiring an additional 1,961 shares in the last quarter. Finally, AE Wealth Management LLC acquired a new stake in Nathan’s Famous during the 2nd quarter worth about $813,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Nathan’s Famous Stock Performance

Nathan’s Famous stock opened at $84.67 on Friday. Nathan’s Famous, Inc. has a twelve month low of $63.01 and a twelve month high of $94.97. The firm has a market cap of $345.45 million, a PE ratio of 15.86 and a beta of 0.21. The firm’s 50 day moving average price is $83.19 and its two-hundred day moving average price is $75.11.

Nathan’s Famous Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Monday, November 25th. Nathan’s Famous’s dividend payout ratio (DPR) is presently 37.45%.

Analyst Upgrades and Downgrades

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

Nathan’s Famous Profile

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.