11,503 Shares in Nathan's Famous, Inc. (NASDAQ:NATH) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 11,503 shares of the restaurant operator's stock, valued at approximately $904,000. Raymond James Financial Inc. owned approximately 0.28% of Nathan's Famous as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of NATH. SG Americas Securities LLC purchased a new position in Nathan's Famous during the fourth quarter valued at $109,000. Geode Capital Management LLC raised 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 worth $5,118,000 after purchasing an additional 2,011 shares during the last quarter. JPMorgan Chase & Co. lifted its stake 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 valued at $384,000 after buying an additional 2,640 shares in the last quarter. Barclays PLC boosted 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 worth $330,000 after buying an additional 2,984 shares during the last quarter. Finally, Annex Advisory Services LLC increased its stake in Nathan's Famous by 21.9% during the 4th quarter. Annex Advisory Services LLC now owns 17,953 shares of the restaurant operator's stock worth $1,411,000 after buying an additional 3,221 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

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Nathan's Famous Stock Down 1.5 %

Shares of Nathan's Famous stock traded down $1.40 during trading hours on Friday, reaching $90.55. 10,641 shares of the company's stock were exchanged, compared to its average volume of 9,749. The business has a fifty day moving average of $93.37 and a two-hundred day moving average of $86.55. The company has a market capitalization of $370.26 million, a P/E ratio of 15.61 and a beta of 0.21. Nathan's Famous, Inc. has a 1 year low of $64.02 and a 1 year high of $104.96.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $1.10 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend was Tuesday, February 18th. Nathan's Famous's payout ratio is currently 34.48%.

Analysts Set New Price Targets

Separately, StockNews.com raised Nathan's Famous from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, March 5th.

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.