Renaissance Technologies LLC Cuts Stock Holdings in Nathan's Famous, Inc. (NASDAQ:NATH)

Renaissance Technologies LLC decreased its holdings in shares of Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,056 shares of the restaurant operator's stock after selling 6,800 shares during the quarter. Renaissance Technologies LLC owned 3.85% of Nathan's Famous worth $12,346,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NATH. Wells Fargo & Company MN boosted its holdings in shares of Nathan's Famous by 45.1% during the fourth quarter. Wells Fargo & Company MN now owns 2,056 shares of the restaurant operator's stock worth $162,000 after purchasing an additional 639 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of Nathan's Famous by 27.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,697 shares of the restaurant operator's stock worth $291,000 after buying an additional 803 shares during the period. SG Americas Securities LLC bought a new position in shares of Nathan's Famous in the 4th quarter worth about $109,000. Geode Capital Management LLC lifted its position in 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 acquiring an additional 2,011 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Nathan's Famous by 125.5% during 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. 66.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Nathan's Famous Stock Performance

Shares of NASDAQ:NATH traded down $1.01 during midday trading on Monday, reaching $92.74. 13,309 shares of the company's stock traded hands, compared to its average volume of 9,956. Nathan's Famous, Inc. has a one year low of $64.02 and a one year high of $104.96. The stock has a 50 day moving average of $95.69 and a 200 day moving average of $87.63. The company has a market cap of $379.19 million, a price-to-earnings ratio of 15.95 and a beta of 0.21.

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 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. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Tuesday, February 18th. 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.