Jane Street Group LLC Sells 1,035 Shares of Nathan’s Famous, Inc. (NASDAQ:NATH)

Jane Street Group LLC lessened its position in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) by 26.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,825 shares of the restaurant operator’s stock after selling 1,035 shares during the period. Jane Street Group LLC owned approximately 0.07% of Nathan’s Famous worth $229,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Royce & Associates LP raised its position in shares of Nathan’s Famous by 48.1% in the third quarter. Royce & Associates LP now owns 120,677 shares of the restaurant operator’s stock valued at $9,763,000 after buying an additional 39,193 shares in the last quarter. Crawford Fund Management LLC raised its position in shares of Nathan’s Famous by 11.9% in the third quarter. Crawford Fund Management LLC now owns 97,660 shares of the restaurant operator’s stock valued at $7,901,000 after buying an additional 10,350 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Nathan’s Famous by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 32,290 shares of the restaurant operator’s stock valued at $2,189,000 after buying an additional 430 shares in the last quarter. Annex Advisory Services LLC raised its position in shares of Nathan’s Famous by 15.4% in the third quarter. Annex Advisory Services LLC now owns 14,732 shares of the restaurant operator’s stock valued at $1,192,000 after buying an additional 1,961 shares in the last quarter. Finally, AE Wealth Management LLC acquired a new stake in shares of Nathan’s Famous in the second quarter valued at approximately $813,000. Institutional investors own 66.54% of the company’s stock.

Nathan’s Famous Price Performance

NASDAQ NATH opened at $76.79 on Friday. The business has a fifty day moving average price of $83.76 and a two-hundred day moving average price of $79.22. Nathan’s Famous, Inc. has a fifty-two week low of $63.01 and a fifty-two week high of $94.97. The stock has a market capitalization of $313.69 million, a PE ratio of 14.38 and a beta of 0.25.

Nathan’s Famous Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Monday, November 25th. Nathan’s Famous’s payout ratio is 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.