Credit Industriel ET Commercial Purchases Shares of 42,814 Nathan’s Famous, Inc. $NATH

Credit Industriel ET Commercial acquired a new stake in Nathan’s Famous, Inc. (NASDAQ:NATH) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 42,814 shares of the restaurant operator’s stock, valued at approximately $4,313,000. Credit Industriel ET Commercial owned approximately 1.05% of Nathan’s Famous as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its stake in Nathan’s Famous by 10.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,106 shares of the restaurant operator’s stock valued at $103,000 after acquiring an additional 103 shares during the period. Cullen Investment Group LTD. lifted its stake in Nathan’s Famous by 1.2% during the fourth quarter. Cullen Investment Group LTD. now owns 10,531 shares of the restaurant operator’s stock worth $956,000 after purchasing an additional 130 shares during the period. First Trust Advisors LP lifted its stake in Nathan’s Famous by 2.5% during the fourth 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 period. Tower Research Capital LLC TRC boosted its holdings in Nathan’s Famous by 204.7% during the second 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 in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Nathan’s Famous by 15.9% during the fourth 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 in the last quarter. 66.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Nathan’s Famous from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Nathan’s Famous Stock Performance

Shares of NASDAQ:NATH opened at $101.13 on Tuesday. The company’s fifty day moving average is $101.24 and its 200-day moving average is $99.69. Nathan’s Famous, Inc. has a 52 week low of $88.67 and a 52 week high of $117.49. The company has a market capitalization of $413.63 million, a PE ratio of 20.88 and a beta of 0.27.

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

Nathan’s Famous Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $2.00 annualized dividend and a dividend yield of 2.0%. Nathan’s Famous’s dividend payout ratio (DPR) is presently 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.