Nathan’s Famous, Inc. (NASDAQ:NATH) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its holdings in Nathan’s Famous, Inc. (NASDAQ:NATH) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,234 shares of the restaurant operator’s stock after acquiring an additional 310 shares during the quarter. Janney Montgomery Scott LLC owned 0.28% of Nathan’s Famous worth $909,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NATH. Gladius Capital Management LP acquired a new stake in shares of Nathan’s Famous in the 2nd quarter worth approximately $32,000. BNP Paribas Financial Markets boosted its stake in Nathan’s Famous by 5.3% during the 1st quarter. BNP Paribas Financial Markets now owns 4,546 shares of the restaurant operator’s stock valued at $322,000 after purchasing an additional 230 shares in the last quarter. Amica Mutual Insurance Co. bought a new position in Nathan’s Famous during the 2nd quarter valued at $407,000. AE Wealth Management LLC acquired a new position in shares of Nathan’s Famous during the 2nd quarter valued at $813,000. Finally, Annex Advisory Services LLC raised its stake in shares of Nathan’s Famous by 7.4% in the 2nd quarter. Annex Advisory Services LLC now owns 12,771 shares of the restaurant operator’s stock worth $866,000 after buying an additional 878 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Nathan’s Famous Trading Down 0.8 %

NASDAQ:NATH opened at $84.67 on Friday. The company has a 50-day moving average of $83.19 and a 200-day moving average of $75.11. The firm has a market cap of $345.45 million, a price-to-earnings ratio of 15.86 and a beta of 0.21. Nathan’s Famous, Inc. has a twelve month low of $63.01 and a twelve month high of $94.97.

Nathan’s Famous Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.36%. Nathan’s Famous’s dividend payout ratio (DPR) is presently 37.45%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 9th.

About Nathan’s Famous

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.