Nathan's Famous annouces share repurchase

WESTBURY, NY (AP) -- Nathan's Famous Inc. on Tuesday said that it will buy back up to 500,000 shares of its common stock.
The hot dog company also said that it has reached an agreement under which it acquired 238,129 shares authorized to be purchased under the plan.
Nathan's said it will make further purchases as deemed appropriate by management.
Shares of the Westbury, NY-based company rose 47 cents to close at $13.31 Tuesday