Nathan’s Famous, Inc. (NASDAQ:NATH) Sees Significant Growth in Short Interest

Nathan’s Famous, Inc. (NASDAQ:NATHGet Rating) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 23,900 shares, a growth of 6.7% from the August 15th total of 22,400 shares. Based on an average trading volume of 15,300 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.9% of the shares of the stock are short sold.

Nathan’s Famous Trading Up 0.2 %

NASDAQ:NATH opened at $66.21 on Tuesday. Nathan’s Famous has a twelve month low of $45.50 and a twelve month high of $69.00. The company has a market capitalization of $270.20 million, a P/E ratio of 18.19 and a beta of 0.21. The firm has a 50-day moving average price of $60.38 and a two-hundred day moving average price of $55.16.

Nathan’s Famous (NASDAQ:NATHGet Rating) last released its quarterly earnings results on Friday, August 5th. The restaurant operator reported $1.74 earnings per share (EPS) for the quarter. Nathan’s Famous had a net margin of 12.14% and a negative return on equity of 27.59%. The company had revenue of $39.72 million for the quarter.

Nathan’s Famous Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Monday, August 22nd were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, August 19th. This represents a $1.80 annualized dividend and a dividend yield of 2.72%. Nathan’s Famous’s dividend payout ratio is currently 49.45%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 10th.

Institutional Investors Weigh In On Nathan’s Famous

Several hedge funds have recently modified their holdings of the company. UBS Group AG boosted its stake in shares of Nathan’s Famous by 38.5% during the 2nd quarter. UBS Group AG now owns 630 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 175 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Nathan’s Famous by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 23,736 shares of the restaurant operator’s stock worth $1,286,000 after purchasing an additional 307 shares during the last quarter. Raymond James & Associates boosted its position in shares of Nathan’s Famous by 3.1% in the first quarter. Raymond James & Associates now owns 10,291 shares of the restaurant operator’s stock worth $557,000 after acquiring an additional 312 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Nathan’s Famous by 217.9% in the second quarter. BNP Paribas Arbitrage SA now owns 941 shares of the restaurant operator’s stock worth $55,000 after acquiring an additional 645 shares during the last quarter. Finally, Confluence Investment Management LLC boosted its position in shares of Nathan’s Famous by 3.2% in the first quarter. Confluence Investment Management LLC now owns 31,006 shares of the restaurant operator’s stock worth $1,679,000 after acquiring an additional 957 shares during the last quarter. 37.99% of the stock is owned by institutional investors and hedge funds.

Nathan’s Famous Company Profile

(Get Rating)

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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