Nathan's Famous, Inc. (NASDAQ:NATH) Shares Acquired by Royce & Associates LP

Royce & Associates LP grew its holdings in Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) by 15.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 139,528 shares of the restaurant operator's stock after buying an additional 18,851 shares during the period. Royce & Associates LP owned 3.42% of Nathan's Famous worth $10,968,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in Nathan's Famous during the 4th quarter valued at about $397,000. Geode Capital Management LLC grew its position in shares of Nathan's Famous by 3.3% in the third 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 in the last quarter. JPMorgan Chase & Co. grew its position in shares of 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. Ellsworth Advisors LLC acquired a new stake in shares of Nathan's Famous in the fourth quarter valued at approximately $589,000. Finally, Crawford Fund Management LLC lifted its position in Nathan's Famous by 11.9% during the third quarter. Crawford Fund Management LLC now owns 97,660 shares of the restaurant operator's stock worth $7,901,000 after buying an additional 10,350 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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Nathan's Famous Trading Up 0.7 %

Nathan's Famous stock traded up $0.64 during midday trading on Friday, hitting $94.23. 27,502 shares of the stock were exchanged, compared to its average volume of 9,340. The stock's 50-day simple moving average is $89.86 and its 200 day simple moving average is $85.21. Nathan's Famous, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $104.96. The stock has a market capitalization of $385.31 million, a price-to-earnings ratio of 16.25 and a beta of 0.15.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last announced its quarterly 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 firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a $0.50 dividend. 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%.

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.