Arrowstreet Capital Limited Partnership Purchases 4,195 Shares of Nathan's Famous, Inc. (NASDAQ:NATH)

Arrowstreet Capital Limited Partnership raised its stake in shares of Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) by 44.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,597 shares of the restaurant operator's stock after buying an additional 4,195 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.33% of Nathan's Famous worth $1,069,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Nathan's Famous in the fourth quarter valued at approximately $109,000. 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 valued at $330,000 after purchasing an additional 2,984 shares during the period. JPMorgan Chase & Co. grew its position in shares of Nathan's Famous by 125.5% during the 3rd 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. Allspring Global Investments Holdings LLC bought a new position in shares of Nathan's Famous in the fourth quarter worth $397,000. Finally, Ellsworth Advisors LLC purchased a new stake in shares of Nathan's Famous in the fourth quarter worth $589,000. 66.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Nathan's Famous from a "strong-buy" rating to a "buy" rating in a research note on Monday, April 7th.

Nathan's Famous Price Performance

NATH stock traded up $0.81 during midday trading on Thursday, reaching $94.55. The company had a trading volume of 3,738 shares, compared to its average volume of 9,890. The firm has a 50-day moving average price of $95.40 and a 200-day moving average price of $87.35. The company has a market capitalization of $386.63 million, a P/E ratio of 16.17 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 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 announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.12%. The ex-dividend date was Tuesday, February 18th. Nathan's Famous's dividend payout ratio is currently 34.48%.

Nathan's Famous 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.