Geode Capital Management LLC Has $5.12 Million Holdings in Nathan’s Famous, Inc. (NASDAQ:NATH)

Geode Capital Management LLC raised its holdings in Nathan’s Famous, Inc. (NASDAQ:NATH) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,252 shares of the restaurant operator’s stock after acquiring an additional 2,011 shares during the period. Geode Capital Management LLC owned about 1.55% of Nathan’s Famous worth $5,118,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of NATH. GSA Capital Partners LLP bought a new position in shares of Nathan’s Famous during the 3rd quarter valued at about $309,000. Barclays PLC lifted its stake in Nathan’s Famous by 271.3% in the third quarter. Barclays PLC now owns 4,084 shares of the restaurant operator’s stock valued at $330,000 after buying an additional 2,984 shares in the last quarter. Seizert Capital Partners LLC boosted its holdings in shares of Nathan’s Famous by 21.6% in the third quarter. Seizert Capital Partners LLC now owns 4,624 shares of the restaurant operator’s stock valued at $374,000 after buying an additional 821 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Nathan’s Famous by 2.8% in the third quarter. Janney Montgomery Scott LLC now owns 11,234 shares of the restaurant operator’s stock valued at $909,000 after buying an additional 310 shares during the period. Finally, AE Wealth Management LLC bought a new stake in shares of Nathan’s Famous during the second quarter worth $813,000. 66.54% of the stock is currently owned by institutional investors.

Nathan’s Famous Trading Up 1.9 %

NATH opened at $79.90 on Friday. The firm’s fifty day simple moving average is $84.51 and its 200 day simple moving average is $78.81. The stock has a market capitalization of $326.39 million, a P/E ratio of 14.96 and a beta of 0.22. Nathan’s Famous, Inc. has a 12 month low of $63.01 and a 12 month high of $94.97.

Nathan’s Famous Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $2.00 annualized dividend and a dividend yield of 2.50%. Nathan’s Famous’s dividend payout ratio is currently 37.45%.

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.