32,485 Shares in Nathan’s Famous, Inc. $NATH Acquired by CenterBook Partners LP

CenterBook Partners LP acquired a new stake in Nathan’s Famous, Inc. (NASDAQ:NATH) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 32,485 shares of the restaurant operator’s stock, valued at approximately $3,597,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership boosted its stake in shares of Nathan’s Famous by 155.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 36,188 shares of the restaurant operator’s stock valued at $4,002,000 after buying an additional 21,998 shares during the period. Jump Financial LLC purchased a new stake in shares of Nathan’s Famous during the second quarter worth $637,000. Principal Financial Group Inc. purchased a new stake in shares of Nathan’s Famous during the third quarter worth $606,000. Qube Research & Technologies Ltd acquired a new stake in Nathan’s Famous during the second quarter valued at $528,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in Nathan’s Famous in the second quarter valued at about $504,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nathan’s Famous in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

Nathan’s Famous Trading Down 0.2%

NATH stock opened at $100.52 on Thursday. Nathan’s Famous, Inc. has a 1 year low of $88.00 and a 1 year high of $118.50. The company has a fifty day simple moving average of $96.76 and a 200 day simple moving average of $101.13. The firm has a market cap of $411.13 million, a PE ratio of 19.33 and a beta of 0.34.

Nathan’s Famous (NASDAQ:NATH) last posted its earnings results on Thursday, February 5th. The restaurant operator reported $0.75 EPS for the quarter. Nathan’s Famous had a net margin of 13.59% and a negative return on equity of 182.42%. The firm had revenue of $34.31 million for the quarter.

Nathan’s Famous Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, February 17th. Nathan’s Famous’s dividend payout ratio (DPR) is presently 38.46%.

Nathan’s Famous 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.