Raymond James Financial Inc. Makes New $904,000 Investment in Nathan’s Famous, Inc. (NASDAQ:NATH)

Raymond James Financial Inc. bought a new stake in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,503 shares of the restaurant operator’s stock, valued at approximately $904,000. Raymond James Financial Inc. owned about 0.28% of Nathan’s Famous at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NATH. Barclays PLC boosted its position in Nathan’s Famous by 271.3% during the 3rd quarter. Barclays PLC now owns 4,084 shares of the restaurant operator’s stock valued at $330,000 after purchasing an additional 2,984 shares during the period. Geode Capital Management LLC lifted its stake in Nathan’s Famous by 3.3% in the third quarter. Geode Capital Management LLC now owns 63,252 shares of the restaurant operator’s stock valued at $5,118,000 after buying an additional 2,011 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Nathan’s Famous by 125.5% during the third quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator’s stock valued at $384,000 after acquiring an additional 2,640 shares during the period. Annex Advisory Services LLC grew its position in shares of Nathan’s Famous by 21.9% during the fourth quarter. Annex Advisory Services LLC now owns 17,953 shares of the restaurant operator’s stock worth $1,411,000 after acquiring an additional 3,221 shares during the last quarter. Finally, Ellsworth Advisors LLC acquired a new stake in shares of Nathan’s Famous in the 4th quarter worth about $589,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 5th.

Nathan’s Famous Price Performance

Shares of NATH stock opened at $90.55 on Friday. Nathan’s Famous, Inc. has a 12-month low of $64.02 and a 12-month high of $104.96. The firm has a market capitalization of $370.26 million, a price-to-earnings ratio of 15.61 and a beta of 0.21. The business has a 50 day simple moving average of $93.37 and a 200 day simple moving average of $86.51.

Nathan’s Famous (NASDAQ:NATH) last released its quarterly earnings results on Thursday, February 6th. The restaurant operator reported $1.10 earnings per share (EPS) for the quarter. Nathan’s Famous had a negative return on equity of 96.05% and a net margin of 16.19%.

Nathan’s Famous Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.00 annualized dividend and a yield of 2.21%. Nathan’s Famous’s payout ratio is 34.48%.

About Nathan’s Famous

Nathan’s Famous, Inc engages in the operation of franchised fast-food units. It is involved in the licensing, wholesaling, and retailing of products marketed under the Nathan’s Famous brand. The firm operates through the following business segments: Branded Product Program, Product Licensing, Restaurant Operations, and Corporate.