Barclays PLC Boosts Stake in Nathan’s Famous, Inc. (NASDAQ:NATH)

Barclays PLC lifted its holdings in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) by 271.3% during the third quarter, Holdings Channel reports. The fund owned 4,084 shares of the restaurant operator’s stock after purchasing an additional 2,984 shares during the quarter. Barclays PLC’s holdings in Nathan’s Famous were worth $330,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Royce & Associates LP increased its holdings in Nathan’s Famous by 48.1% during the 3rd 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 last quarter. AE Wealth Management LLC bought a new stake in shares of Nathan’s Famous in the second quarter worth $813,000. Crawford Fund Management LLC raised its holdings in 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 acquiring an additional 10,350 shares in the last quarter. GSA Capital Partners LLP bought a new position in Nathan’s Famous during the 3rd quarter valued at $309,000. Finally, Annex Advisory Services LLC grew its holdings in Nathan’s Famous by 15.4% during the 3rd quarter. Annex Advisory Services LLC now owns 14,732 shares of the restaurant operator’s stock worth $1,192,000 after acquiring an additional 1,961 shares in the last quarter. 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 $79.90 on Friday. Nathan’s Famous, Inc. has a 1 year low of $63.01 and a 1 year high of $94.97. The firm’s 50-day simple moving average is $84.51 and its 200-day simple moving average is $78.81. The firm has a market cap of $326.39 million, a PE ratio of 14.96 and a beta of 0.22.

Nathan’s Famous Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Monday, November 25th. Nathan’s Famous’s dividend payout ratio is presently 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.