Nathan’s Famous, Inc. (NASDAQ:NATH) Holdings Increased by Crawford Fund Management LLC

Crawford Fund Management LLC grew its holdings in Nathan’s Famous, Inc. (NASDAQ:NATH) by 11.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,660 shares of the restaurant operator’s stock after purchasing an additional 10,350 shares during the period. Nathan’s Famous comprises approximately 1.7% of Crawford Fund Management LLC’s holdings, making the stock its 6th largest holding. Crawford Fund Management LLC owned approximately 2.39% of Nathan’s Famous worth $7,901,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Janney Montgomery Scott LLC increased its stake in Nathan’s Famous by 2.8% in the third quarter. Janney Montgomery Scott LLC now owns 11,234 shares of the restaurant operator’s stock worth $909,000 after purchasing an additional 310 shares during the period. Bank of New York Mellon Corp increased its stake in Nathan’s Famous by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 32,290 shares of the restaurant operator’s stock worth $2,189,000 after purchasing an additional 430 shares during the period. Gladius Capital Management LP purchased a new stake in Nathan’s Famous in the second quarter worth $32,000. Seizert Capital Partners LLC increased its stake in shares of Nathan’s Famous by 21.6% during the third quarter. Seizert Capital Partners LLC now owns 4,624 shares of the restaurant operator’s stock valued at $374,000 after buying an additional 821 shares during the period. Finally, Annex Advisory Services LLC increased its stake in shares of Nathan’s Famous by 7.4% during the second quarter. Annex Advisory Services LLC now owns 12,771 shares of the restaurant operator’s stock valued at $866,000 after buying an additional 878 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Nathan’s Famous Trading Down 1.4 %

Shares of Nathan’s Famous stock opened at $87.08 on Friday. The firm has a market cap of $355.29 million, a P/E ratio of 16.31 and a beta of 0.21. Nathan’s Famous, Inc. has a 12 month low of $63.01 and a 12 month high of $94.97. The stock’s fifty day moving average price is $84.40 and its 200-day moving average price is $76.29.

Nathan’s Famous Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be paid a $0.50 dividend. The ex-dividend date is Monday, November 25th. This represents a $2.00 annualized dividend and a yield of 2.30%. Nathan’s Famous’s dividend payout ratio (DPR) is presently 37.45%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 9th.

About Nathan’s Famous

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.