Nathan’s Famous, Inc. $NATH Shares Sold by Teton Advisors LLC

Teton Advisors LLC decreased its stake in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) by 53.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 21,425 shares of the restaurant operator’s stock after selling 24,575 shares during the quarter. Nathan’s Famous comprises 1.5% of Teton Advisors LLC’s portfolio, making the stock its 15th largest position. Teton Advisors LLC’s holdings in Nathan’s Famous were worth $2,158,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of NATH. Tower Research Capital LLC TRC boosted its holdings in shares of Nathan’s Famous by 204.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 260 shares during the last quarter. State of Wyoming purchased a new stake in shares of Nathan’s Famous during the 4th quarter valued at $59,000. Legal & General Group Plc grew its stake in shares of Nathan’s Famous by 142.0% during the 2nd quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock valued at $77,000 after buying an additional 406 shares during the period. Osaic Holdings Inc. increased its holdings 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 last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Nathan’s Famous by 351.6% during the 4th quarter. State of Alaska Department of Revenue now owns 1,007 shares of the restaurant operator’s stock worth $93,000 after buying an additional 784 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat, Nathan’s Famous has an average rating of “Buy”.

Nathan’s Famous Stock Performance

NATH opened at $98.18 on Friday. The firm has a 50 day moving average price of $100.76 and a 200 day moving average price of $100.14. The company has a market cap of $401.95 million, a PE ratio of 20.24 and a beta of 0.27. Nathan’s Famous, Inc. has a 1 year low of $88.67 and a 1 year high of $113.86.

Nathan’s Famous (NASDAQ:NATH) last posted its quarterly earnings results on Tuesday, June 9th. The restaurant operator reported $0.68 EPS for the quarter. The firm 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were 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 was Monday, June 22nd. Nathan’s Famous’s dividend payout ratio (DPR) 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.