Nathan’s Famous, Inc. (NASDAQ:NATH) Director Brian S. Genson sold 5,000 shares of Nathan’s Famous stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $70.58, for a total transaction of $352,900.00. Following the sale, the director now owns 20,942 shares in the company, valued at $1,478,086.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
NATH traded down $1.16 during trading on Monday, reaching $68.54. The company had a trading volume of 8,100 shares, compared to its average volume of 8,321. The stock has a market capitalization of $291.35 million, a P/E ratio of 23.95 and a beta of 0.14. Nathan’s Famous, Inc. has a 12-month low of $60.35 and a 12-month high of $107.05.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Monday, March 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.46%.
Separately, BidaskClub raised Nathan’s Famous from a “sell” rating to a “hold” rating in a research note on Monday, November 26th.
A number of institutional investors and hedge funds have recently modified their holdings of NATH. Renaissance Technologies LLC grew its position in Nathan’s Famous by 7.9% in the third quarter. Renaissance Technologies LLC now owns 263,700 shares of the restaurant operator’s stock valued at $21,729,000 after acquiring an additional 19,285 shares during the period. Gamco Investors INC. ET AL grew its position in Nathan’s Famous by 1.4% during the 4th quarter. Gamco Investors INC. ET AL now owns 245,432 shares of the restaurant operator’s stock worth $16,309,000 after acquiring an additional 3,300 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Nathan’s Famous by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 217,803 shares of the restaurant operator’s stock worth $17,947,000 after acquiring an additional 3,422 shares during the last quarter. BlackRock Inc. grew its position in Nathan’s Famous by 1.3% during the 3rd quarter. BlackRock Inc. now owns 160,595 shares of the restaurant operator’s stock worth $13,233,000 after acquiring an additional 1,984 shares during the last quarter. Finally, Waratah Capital Advisors Ltd. grew its position in Nathan’s Famous by 6.7% during the 4th quarter. Waratah Capital Advisors Ltd. now owns 60,626 shares of the restaurant operator’s stock worth $4,029,000 after acquiring an additional 3,789 shares during the last quarter. 42.27% of the stock is currently owned by hedge funds and other institutional investors.
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.
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