Nathan's Famous, Inc. (NASDAQ:NATH) Sees Significant Decrease in Short Interest

Nathan's Famous, Inc. (NASDAQ:NATH - Get Free Report) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 21,100 shares, a decline of 14.6% from the February 28th total of 24,700 shares. Based on an average trading volume of 12,300 shares, the short-interest ratio is presently 1.7 days. Currently, 0.7% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NATH. Allspring Global Investments Holdings LLC acquired a new stake in shares of Nathan's Famous in the 4th quarter valued at approximately $397,000. Geode Capital Management LLC lifted its stake in Nathan's Famous by 3.3% in 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. JPMorgan Chase & Co. boosted its position in 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 buying an additional 2,640 shares in the last quarter. Ellsworth Advisors LLC bought a new stake in shares of Nathan's Famous during the fourth quarter worth $589,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Nathan's Famous during the fourth quarter worth $904,000. Institutional investors own 66.54% of the company's stock.

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Nathan's Famous Stock Down 1.5 %

Shares of NASDAQ:NATH traded down $1.40 during midday trading on Friday, hitting $90.55. The stock had a trading volume of 10,641 shares, compared to its average volume of 9,749. The company's 50-day moving average price is $93.37 and its 200-day moving average price is $86.55. Nathan's Famous has a fifty-two week low of $64.02 and a fifty-two week high of $104.96. 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 (NASDAQ:NATH - Get Free Report) last announced 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.00 annualized dividend and a dividend yield of 2.21%. 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.