Gamco Investors INC. ET AL Has $29.32 Million Stock Position in Nathan’s Famous, Inc. $NATH

Gamco Investors INC. ET AL increased its holdings in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) by 6.7% during the first quarter, Holdings Channel.com reports. The fund owned 291,086 shares of the restaurant operator’s stock after purchasing an additional 18,250 shares during the quarter. Gamco Investors INC. ET AL owned 0.07% of Nathan’s Famous worth $29,321,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in Nathan’s Famous by 10.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,106 shares of the restaurant operator’s stock worth $103,000 after acquiring an additional 103 shares in the last quarter. First Trust Advisors LP raised its holdings in Nathan’s Famous by 2.5% during the 4th quarter. First Trust Advisors LP now owns 8,276 shares of the restaurant operator’s stock worth $774,000 after purchasing an additional 200 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Nathan’s Famous by 204.7% in the second quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 260 shares during the period. SG Americas Securities LLC lifted its stake in shares of Nathan’s Famous by 15.9% in the 4th quarter. SG Americas Securities LLC now owns 2,214 shares of the restaurant operator’s stock valued at $207,000 after purchasing an additional 304 shares during the period. Finally, Osaic Holdings Inc. grew its position in shares of Nathan’s Famous by 75.7% during the 2nd quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator’s stock worth $98,000 after buying an additional 381 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Nathan’s Famous Trading Down 0.1%

Shares of Nathan’s Famous stock opened at $98.18 on Friday. Nathan’s Famous, Inc. has a 12-month low of $88.67 and a 12-month high of $113.86. The company has a market cap of $401.95 million, a price-to-earnings ratio of 20.24 and a beta of 0.27. The company’s 50-day moving average price is $100.76 and its 200-day moving average price is $100.14.

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

Nathan’s Famous Dividend Announcement

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

About Nathan’s Famous

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.