Nathan’s Famous, Inc. (NASDAQ:NATH) Director Robert J. Eide sold 7,362 shares of the stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $69.87, for a total value of $514,382.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NATH traded down $0.16 during midday trading on Tuesday, hitting $69.75. 2,900 shares of the stock were exchanged, compared to its average volume of 13,947. Nathan’s Famous, Inc. has a 52-week low of $60.35 and a 52-week high of $107.05. The firm has a market cap of $292.91 million, a P/E ratio of 25.69 and a beta of -0.01.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Monday, December 3rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.43%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NATH. Millennium Management LLC purchased a new position in shares of Nathan’s Famous during the first quarter worth $252,000. Rhumbline Advisers purchased a new position in shares of Nathan’s Famous during the second quarter worth $261,000. Schwab Charles Investment Management Inc. boosted its position in shares of Nathan’s Famous by 37.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 6,442 shares of the restaurant operator’s stock worth $607,000 after buying an additional 1,742 shares during the period. Spark Investment Management LLC purchased a new position in shares of Nathan’s Famous during the second quarter worth $345,000. Finally, BlackRock Inc. boosted its position in shares of Nathan’s Famous by 10.2% during the second quarter. BlackRock Inc. now owns 158,611 shares of the restaurant operator’s stock worth $14,925,000 after buying an additional 14,641 shares during the period. Institutional investors and hedge funds own 41.14% of the company’s stock.

Several brokerages recently weighed in on NATH. BidaskClub lowered Nathan’s Famous from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine lowered Nathan’s Famous from a “buy” rating to a “hold” rating in a research report on Monday, September 24th.

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Nathan’s Famous Company 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.

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