Allspring Global Investments Holdings LLC Takes Position in Nathan's Famous, Inc. (NASDAQ:NATH)

Allspring Global Investments Holdings LLC bought a new stake in Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,054 shares of the restaurant operator's stock, valued at approximately $397,000. Allspring Global Investments Holdings LLC owned approximately 0.12% of Nathan's Famous as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. 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. Seizert Capital Partners LLC increased its holdings in Nathan's Famous by 21.6% in 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 last quarter. SG Americas Securities LLC acquired a new stake in shares of Nathan's Famous during the 4th quarter worth about $109,000. Geode Capital Management LLC lifted its stake in Nathan's Famous by 3.3% during the third quarter. Geode Capital Management LLC now owns 63,252 shares of the restaurant operator's stock worth $5,118,000 after purchasing an additional 2,011 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Nathan's Famous by 125.5% in the third quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator's stock valued at $384,000 after purchasing an additional 2,640 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company's stock.

Nathan's Famous Price Performance

Shares of NATH traded up $0.28 during midday trading on Friday, reaching $101.91. 12,866 shares of the stock were exchanged, compared to its average volume of 8,875. The company has a market capitalization of $416.71 million, a price-to-earnings ratio of 17.57 and a beta of 0.25. Nathan's Famous, Inc. has a twelve month low of $64.02 and a twelve month high of $104.96. The business's 50-day moving average price is $84.77 and its 200 day moving average price is $83.05.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $1.10 earnings per share for the quarter. Nathan's Famous had a negative return on equity of 96.05% and a net margin of 16.19%.

Nathan's Famous Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.96%. Nathan's Famous's payout ratio is 34.48%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Nathan's Famous from a "strong-buy" rating to a "buy" rating in a research report on Tuesday.

About Nathan's Famous

Nathan's Famous, Inc engages in the operation of franchised fast-food units. It is involved in the licensing, wholesaling, and retailing of products marketed under the Nathan's Famous brand. The firm operates through the following business segments: Branded Product Program, Product Licensing, Restaurant Operations, and Corporate.