Geode Capital Management LLC Acquires 2,011 Shares of Nathan’s Famous, Inc. (NASDAQ:NATH)

Geode Capital Management LLC boosted its holdings in Nathan’s Famous, Inc. (NASDAQ:NATH) by 3.3% in the third quarter, Holdings Channel reports. The firm owned 63,252 shares of the restaurant operator’s stock after purchasing an additional 2,011 shares during the quarter. Geode Capital Management LLC’s holdings in Nathan’s Famous were worth $5,118,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of Nathan’s Famous by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 32,290 shares of the restaurant operator’s stock worth $2,189,000 after buying an additional 430 shares during the last quarter. AE Wealth Management LLC acquired a new position in Nathan’s Famous during the second quarter valued at approximately $813,000. Annex Advisory Services LLC grew its stake in Nathan’s Famous by 15.4% in the third quarter. Annex Advisory Services LLC now owns 14,732 shares of the restaurant operator’s stock valued at $1,192,000 after purchasing an additional 1,961 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Nathan’s Famous by 2.8% during the 3rd 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 last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Nathan’s Famous during the 3rd quarter worth approximately $309,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Nathan’s Famous Trading Up 1.9 %

NASDAQ:NATH opened at $79.90 on Friday. The stock has a market capitalization of $326.39 million, a PE ratio of 14.96 and a beta of 0.22. Nathan’s Famous, Inc. has a 1-year low of $63.01 and a 1-year high of $94.97. The firm has a fifty day simple moving average of $84.51 and a 200 day simple moving average of $78.81.

Nathan’s Famous Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, November 25th. This represents a $2.00 annualized dividend and a dividend yield of 2.50%. Nathan’s Famous’s dividend payout ratio is presently 37.45%.

Nathan’s Famous 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.