Renaissance Technologies LLC Reduces Position in Nathan’s Famous, Inc. (NASDAQ:NATH)

Renaissance Technologies LLC trimmed its position in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,856 shares of the restaurant operator’s stock after selling 2,500 shares during the period. Renaissance Technologies LLC owned 3.94% of Nathan’s Famous worth $10,903,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of Nathan’s Famous by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 32,290 shares of the restaurant operator’s stock valued at $2,189,000 after purchasing an additional 430 shares during the period. Amica Mutual Insurance Co. bought a new stake in shares of Nathan’s Famous during the 2nd quarter valued at $407,000. Gladius Capital Management LP bought a new stake in shares of Nathan’s Famous during the 2nd quarter valued at $32,000. Annex Advisory Services LLC raised 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 valued at $866,000 after purchasing an additional 878 shares during the period. Finally, Gamco Investors INC. ET AL raised its position in shares of Nathan’s Famous by 1.1% during 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 during the period. 66.54% of the stock is currently owned by institutional investors.

Nathan’s Famous Stock Performance

Shares of NASDAQ NATH opened at $79.96 on Tuesday. The company has a market cap of $326.64 million, a P/E ratio of 16.62 and a beta of 0.22. The firm’s fifty day moving average is $74.96 and its two-hundred day moving average is $70.56. Nathan’s Famous, Inc. has a 52-week low of $61.35 and a 52-week high of $81.51.

Nathan’s Famous (NASDAQ:NATH) last posted its earnings results on Thursday, August 8th. The restaurant operator reported $2.27 earnings per share for the quarter. Nathan’s Famous had a net margin of 15.21% and a negative return on equity of 66.80%. The firm had revenue of $44.77 million for the quarter.

Nathan’s Famous Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, August 26th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.50%. Nathan’s Famous’s dividend payout ratio is presently 41.58%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th.

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.