5,054 Shares in Nathan’s Famous, Inc. (NASDAQ:NATH) Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC bought a new position in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,054 shares of the restaurant operator’s stock, valued at approximately $397,000.

Several other large investors have also added to or reduced their stakes in NATH. Royce & Associates LP grew its stake in Nathan’s Famous by 48.1% during the third quarter. Royce & Associates LP now owns 120,677 shares of the restaurant operator’s stock worth $9,763,000 after purchasing an additional 39,193 shares during the period. Crawford Fund Management LLC grew its stake in Nathan’s Famous by 11.9% during the third quarter. Crawford Fund Management LLC now owns 97,660 shares of the restaurant operator’s stock worth $7,901,000 after purchasing an additional 10,350 shares during the period. Ellsworth Advisors LLC acquired a new stake in Nathan’s Famous during the fourth quarter worth approximately $589,000. GSA Capital Partners LLP acquired a new stake in Nathan’s Famous during the third quarter worth approximately $309,000. Finally, Annex Advisory Services LLC grew its stake in 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 purchasing an additional 3,221 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

Nathan’s Famous Stock Performance

Shares of Nathan’s Famous stock opened at $100.13 on Tuesday. Nathan’s Famous, Inc. has a 52 week low of $64.02 and a 52 week high of $102.81. The stock has a 50 day moving average price of $83.32 and a two-hundred day moving average price of $82.37. The stock has a market capitalization of $409.43 million, a PE ratio of 17.26 and a beta of 0.25.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $1.10 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a yield of 2.00%. Nathan’s Famous’s dividend payout ratio (DPR) is presently 34.48%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 11th.

Nathan’s Famous Company Profile

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.