Nathan's Famous, Inc. (NASDAQ:NATH) Shares Purchased by Royce & Associates LP

Royce & Associates LP boosted its stake in shares of Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) by 48.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,677 shares of the restaurant operator's stock after purchasing an additional 39,193 shares during the quarter. Royce & Associates LP owned approximately 2.95% of Nathan's Famous worth $9,763,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its stake in shares of Nathan's Famous by 5.3% during the first quarter. BNP Paribas Financial Markets now owns 4,546 shares of the restaurant operator's stock worth $322,000 after buying an additional 230 shares during the period. Vanguard Group Inc. increased its position in shares of Nathan's Famous by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 118,185 shares of the restaurant operator's stock valued at $8,367,000 after purchasing an additional 1,128 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Nathan's Famous by 1.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 279,428 shares of the restaurant operator's stock valued at $19,784,000 after purchasing an additional 3,113 shares in the last quarter. Annex Advisory Services LLC lifted its position in shares of Nathan's Famous by 7.4% during the 2nd quarter. Annex Advisory Services LLC now owns 12,771 shares of the restaurant operator's stock worth $866,000 after purchasing an additional 878 shares during the last quarter. Finally, Gladius Capital Management LP acquired a new position in shares of Nathan's Famous during the second quarter worth $32,000. Institutional investors and hedge funds own 66.54% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Nathan's Famous from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 9th.

Nathan's Famous Stock Down 1.5 %

NATH traded down $1.23 on Monday, reaching $83.44. The company's stock had a trading volume of 9,962 shares, compared to its average volume of 7,034. The company has a market capitalization of $340.85 million, a price-to-earnings ratio of 15.86 and a beta of 0.21. Nathan's Famous, Inc. has a fifty-two week low of $63.01 and a fifty-two week high of $94.97. The stock has a 50 day moving average of $83.19 and a two-hundred day moving average of $75.26.

Nathan's Famous Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Monday, November 25th. Nathan's Famous's dividend payout ratio (DPR) is 37.45%.

Nathan's Famous 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.