Royce & Associates LP Purchases 39,193 Shares of Nathan’s Famous, Inc. (NASDAQ:NATH)

Royce & Associates LP grew its position in Nathan’s Famous, Inc. (NASDAQ:NATH) by 48.1% in the third quarter, HoldingsChannel.com reports. The fund owned 120,677 shares of the restaurant operator’s stock after buying an additional 39,193 shares during the period. Royce & Associates LP’s holdings in Nathan’s Famous were worth $9,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Gamco Investors INC. ET AL grew its holdings in Nathan’s Famous by 1.1% during the first quarter. Gamco Investors INC. ET AL now owns 279,428 shares of the restaurant operator’s stock worth $19,784,000 after purchasing an additional 3,113 shares during the period. Vanguard Group Inc. boosted its stake in shares of Nathan’s Famous by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 118,185 shares of the restaurant operator’s stock worth $8,367,000 after acquiring an additional 1,128 shares during the period. Bank of New York Mellon Corp increased its holdings 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 worth $2,189,000 after acquiring an additional 430 shares during the last quarter. Annex Advisory Services LLC raised its stake in Nathan’s Famous by 15.4% in the 3rd quarter. Annex Advisory Services LLC now owns 14,732 shares of the restaurant operator’s stock valued at $1,192,000 after acquiring an additional 1,961 shares during the period. Finally, AE Wealth Management LLC acquired a new stake in Nathan’s Famous during the 2nd quarter valued at $813,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Nathan’s Famous Stock Down 0.8 %

Nathan’s Famous stock opened at $84.67 on Monday. Nathan’s Famous, Inc. has a twelve month low of $63.01 and a twelve month high of $94.97. The stock has a market cap of $345.45 million, a P/E ratio of 15.86 and a beta of 0.21. The company’s 50-day moving average price is $83.19 and its two-hundred day moving average price is $75.19.

Nathan’s Famous Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, November 25th. This represents a $2.00 annualized dividend and a yield of 2.36%. Nathan’s Famous’s payout ratio is currently 37.45%.

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 report 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.