Nathan's Famous, Inc. (NASDAQ:NATH) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in shares of Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) by 164.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,527 shares of the restaurant operator's stock after purchasing an additional 7,783 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.31% of Nathan's Famous worth $985,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in NATH. Allspring Global Investments Holdings LLC purchased a new stake in shares of Nathan's Famous during the fourth quarter worth about $397,000. Geode Capital Management LLC boosted its position 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 acquiring an additional 2,011 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Nathan's Famous in the 4th quarter worth approximately $904,000. Ellsworth Advisors LLC acquired a new position in Nathan's Famous in the 4th quarter valued at $589,000. Finally, Barclays PLC raised its holdings in Nathan's Famous by 271.3% in the 3rd quarter. Barclays PLC now owns 4,084 shares of the restaurant operator's stock valued at $330,000 after acquiring an additional 2,984 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.

Nathan's Famous Price Performance

NATH opened at $96.04 on Monday. The stock has a market capitalization of $392.71 million, a price-to-earnings ratio of 16.56 and a beta of 0.21. Nathan's Famous, Inc. has a 12 month low of $64.50 and a 12 month high of $104.96. The business has a 50-day moving average of $95.56 and a two-hundred day moving average of $88.11.

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

Nathan's Famous Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Tuesday, February 18th. Nathan's Famous's dividend payout ratio (DPR) is currently 34.48%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Nathan's Famous from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 18th.

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.

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