Wed Sep 18 07:22:56 UTC 2024: ## Nathan’s Famous Stock Sees Increased Institutional Investment

**New York, NY – September 18, 2024** – Several major institutional investors have recently increased their holdings in Nathan’s Famous, Inc. (NASDAQ:NATH) shares, indicating a positive outlook on the restaurant operator’s future performance.

**Bank of New York Mellon Corp** expanded its stake by 1.3% in the second quarter, owning 32,290 shares worth $2,189,000. Other notable investors include **Victory Capital Management Inc., BNP Paribas Financial Markets, Janney Montgomery Scott LLC, Annex Advisory Services LLC,** and **Corsair Capital Management L.P.,** all of whom boosted their positions in the fourth quarter of 2023.

This institutional interest comes after **StockNews.com** upgraded Nathan’s Famous from a “buy” to a “strong-buy” rating on August 9th.

Nathan’s Famous reported strong second-quarter earnings on August 8th, with earnings per share reaching $2.27 and revenue at $44.77 million. The company also declared a quarterly dividend of $0.50, payable on September 6th.

Nathan’s Famous operates a network of franchised and owned restaurants under its flagship brand, and also distributes Nathan’s Famous-branded food products through various retail channels.

The recent influx of institutional investment and positive earnings reports suggest a promising future for Nathan’s Famous, a company with a strong brand presence and established market position in the foodservice industry.

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