Bank of New York Mellon Corp Has $2.11 Million Stock Holdings in Nathan’s Famous, Inc. (NASDAQ:NATH)

Bank of New York Mellon Corp cut its stake in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) by 8.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,867 shares of the restaurant operator’s stock after selling 2,454 shares during the period. Bank of New York Mellon Corp’s holdings in Nathan’s Famous were worth $2,112,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in Nathan’s Famous during the fourth quarter valued at approximately $109,000. Geode Capital Management LLC raised its stake in Nathan’s Famous by 3.3% in the third quarter. Geode Capital Management LLC now owns 63,252 shares of the restaurant operator’s stock valued at $5,118,000 after buying an additional 2,011 shares during the period. JPMorgan Chase & Co. raised its stake in Nathan’s Famous by 125.5% in the third quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator’s stock valued at $384,000 after buying an additional 2,640 shares during the period. Barclays PLC raised its stake in Nathan’s Famous by 271.3% in the third quarter. Barclays PLC now owns 4,084 shares of the restaurant operator’s stock valued at $330,000 after buying an additional 2,984 shares during the period. Finally, Annex Advisory Services LLC raised its stake in Nathan’s Famous by 21.9% in the fourth quarter. Annex Advisory Services LLC now owns 17,953 shares of the restaurant operator’s stock valued at $1,411,000 after buying an additional 3,221 shares during the period. 66.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 5th.

Nathan’s Famous Stock Performance

Shares of NATH stock opened at $94.23 on Friday. The stock’s fifty day moving average price is $90.21 and its two-hundred day moving average price is $85.33. The company has a market cap of $385.31 million, a PE ratio of 16.25 and a beta of 0.15. Nathan’s Famous, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $104.96.

Nathan’s Famous (NASDAQ:NATH) last released its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $1.10 earnings per share 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 business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Tuesday, February 18th. Nathan’s Famous’s payout ratio is presently 34.48%.

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.