Nathan’s Famous, Inc. (NASDAQ:NATH) Short Interest Down 13.4% in January

Nathan’s Famous, Inc. (NASDAQ:NATH) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 94,908 shares, a decrease of 13.4% from the January 15th total of 109,618 shares. Approximately 3.3% of the company’s shares are short sold. Based on an average trading volume of 129,732 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 129,732 shares, the short-interest ratio is presently 0.7 days. Approximately 3.3% of the company’s shares are short sold.

Nathan’s Famous Price Performance

NATH traded up $0.09 during trading hours on Tuesday, reaching $100.84. The company’s stock had a trading volume of 6,865 shares, compared to its average volume of 70,231. The stock has a market cap of $412.44 million, a PE ratio of 19.39 and a beta of 0.34. Nathan’s Famous has a fifty-two week low of $88.00 and a fifty-two week high of $118.50. The business’s 50-day moving average is $96.43 and its 200-day moving average is $101.09.

Nathan’s Famous (NASDAQ:NATH) last announced its earnings results on Thursday, February 5th. The restaurant operator reported $0.75 earnings per share for the quarter. Nathan’s Famous had a net margin of 13.59% and a negative return on equity of 182.42%. The company had revenue of $34.31 million during the quarter.

Nathan’s Famous Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.00 dividend on an annualized basis and a yield of 2.0%. Nathan’s Famous’s payout ratio is presently 38.46%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Nathan’s Famous in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Nathan’s Famous presently has an average rating of “Buy”.

Hedge Funds Weigh In On Nathan’s Famous

Several institutional investors have recently bought and sold shares of NATH. Tower Research Capital LLC TRC increased its stake in Nathan’s Famous by 204.7% during the second quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 260 shares during the period. State of Wyoming purchased a new stake in Nathan’s Famous during the 4th quarter worth approximately $59,000. Legal & General Group Plc increased its stake in Nathan’s Famous by 142.0% during the 2nd quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock worth $77,000 after buying an additional 406 shares during the period. State of Alaska Department of Revenue lifted its holdings in Nathan’s Famous by 351.6% during the 4th quarter. State of Alaska Department of Revenue now owns 1,007 shares of the restaurant operator’s stock worth $93,000 after buying an additional 784 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in Nathan’s Famous by 75.7% in the 2nd quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator’s stock valued at $98,000 after buying an additional 381 shares during the period. 66.54% of the stock is owned by institutional investors and hedge funds.

About Nathan’s Famous

Nathan’s Famous Inc is a quick-service restaurant company known for its signature all-beef hot dogs and classic American fast-food offerings. The company operates and franchises a network of dining outlets under the Nathan’s Famous brand, serving items such as hamburgers, chicken sandwiches, french fries and specialty sides. In addition to its restaurant business, Nathan’s Famous markets frozen and refrigerated products to retail and foodservice customers across North America.

The company traces its origins to 1916, when founder Nathan Handwerker opened a modest walk-up stand on Coney Island in Brooklyn, New York.