Nathan’s Famous, Inc. (NASDAQ:NATH) Shares Sold by Seizert Capital Partners LLC

Seizert Capital Partners LLC lowered its position in Nathan’s Famous, Inc. (NASDAQ:NATH) by 2.9% in the fourth quarter, HoldingsChannel reports. The fund owned 4,490 shares of the restaurant operator’s stock after selling 134 shares during the quarter. Seizert Capital Partners LLC’s holdings in Nathan’s Famous were worth $353,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NATH. Allspring Global Investments Holdings LLC purchased a new position in shares of Nathan’s Famous in the 4th quarter valued at about $397,000. SG Americas Securities LLC purchased a new stake in shares of Nathan’s Famous in the fourth quarter valued at approximately $109,000. Ellsworth Advisors LLC purchased a new stake in shares of Nathan’s Famous in the fourth quarter valued at approximately $589,000. Annex Advisory Services LLC raised its stake in shares of Nathan’s Famous by 21.9% during the 4th quarter. Annex Advisory Services LLC now owns 17,953 shares of the restaurant operator’s stock worth $1,411,000 after buying an additional 3,221 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Nathan’s Famous by 125.5% during the 3rd 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 in the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Nathan’s Famous Stock Down 1.4 %

NATH opened at $97.37 on Thursday. Nathan’s Famous, Inc. has a twelve month low of $64.02 and a twelve month high of $104.96. The company has a market cap of $398.15 million, a PE ratio of 16.79 and a beta of 0.15. The company has a 50-day moving average price of $86.36 and a 200 day moving average price of $83.86.

Nathan’s Famous (NASDAQ:NATH) last released its earnings results 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.00 annualized dividend and a yield of 2.05%. Nathan’s Famous’s dividend payout ratio (DPR) is presently 34.48%.

Nathan’s Famous 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.