Renaissance Technologies LLC Purchases 12,300 Shares of Nathan’s Famous, Inc. $NATH

Renaissance Technologies LLC increased its position in Nathan’s Famous, Inc. (NASDAQ:NATH) by 8.7% in the first quarter, HoldingsChannel reports. The firm owned 154,356 shares of the restaurant operator’s stock after purchasing an additional 12,300 shares during the quarter. Renaissance Technologies LLC’s holdings in Nathan’s Famous were worth $15,548,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Gabelli Funds LLC grew its stake in Nathan’s Famous by 9.2% in the first quarter. Gabelli Funds LLC now owns 187,000 shares of the restaurant operator’s stock worth $18,837,000 after purchasing an additional 15,800 shares during the period. Gamco Investors INC. ET AL lifted its position in Nathan’s Famous by 6.7% during the first quarter. Gamco Investors INC. ET AL now owns 291,086 shares of the restaurant operator’s stock valued at $29,321,000 after buying an additional 18,250 shares during the period. Sei Investments Co. bought a new stake in shares of Nathan’s Famous during the 1st quarter valued at $521,000. Bank of New York Mellon Corp boosted its holdings in shares of Nathan’s Famous by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 28,852 shares of the restaurant operator’s stock valued at $2,906,000 after buying an additional 476 shares in the last quarter. Finally, ABC Arbitrage SA purchased a new stake in shares of Nathan’s Famous in the 1st quarter worth about $5,435,000. 66.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Nathan’s Famous in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Nathan’s Famous Stock Down 0.4%

Nathan’s Famous stock opened at $98.11 on Friday. The company has a market capitalization of $402.25 million, a P/E ratio of 20.23 and a beta of 0.27. The stock’s 50 day moving average is $100.54 and its 200 day moving average is $100.40. Nathan’s Famous, Inc. has a twelve month low of $88.67 and a twelve month high of $113.86.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter. Nathan’s Famous had a negative return on equity of 179.01% and a net margin of 12.35%.The business had revenue of $35.07 million during the quarter.

Nathan’s Famous Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, June 22nd. Nathan’s Famous’s payout ratio is currently 41.24%.

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.