Arrowstreet Capital Limited Partnership Increases Stock Holdings in Nathan's Famous, Inc. (NASDAQ:NATH)

Arrowstreet Capital Limited Partnership raised its stake in Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) by 44.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,597 shares of the restaurant operator's stock after buying an additional 4,195 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.33% of Nathan's Famous worth $1,069,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new position in Nathan's Famous in the fourth quarter valued at $397,000. Geode Capital Management LLC increased its position in shares of Nathan's Famous by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 63,252 shares of the restaurant operator's stock valued at $5,118,000 after purchasing an additional 2,011 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Nathan's Famous in the 4th quarter worth approximately $904,000. JPMorgan Chase & Co. lifted its position in Nathan's Famous by 125.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator's stock worth $384,000 after buying an additional 2,640 shares during the last quarter. Finally, Ellsworth Advisors LLC bought a new position in Nathan's Famous during the fourth quarter valued at approximately $589,000. Hedge funds and other institutional investors own 66.54% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Nathan's Famous from a "strong-buy" rating to a "buy" rating in a report on Monday, April 7th.

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Nathan's Famous Stock Up 1.3 %

Shares of NATH traded up $1.24 during trading hours on Tuesday, hitting $94.24. The company had a trading volume of 9,085 shares, compared to its average volume of 9,865. The firm has a market cap of $385.35 million, a P/E ratio of 16.25 and a beta of 0.21. Nathan's Famous, Inc. has a 52-week low of $64.02 and a 52-week high of $104.96. The stock's 50 day moving average price is $95.04 and its 200 day moving average price is $87.26.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last announced 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 company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a yield of 2.12%. Nathan's Famous's dividend payout ratio is currently 34.48%.

Nathan's Famous Company Profile

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.