Dimensional Fund Advisors LP Trims Stock Holdings in Nathan's Famous, Inc. (NASDAQ:NATH)

Dimensional Fund Advisors LP decreased its holdings in Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 162,783 shares of the restaurant operator's stock after selling 3,144 shares during the quarter. Dimensional Fund Advisors LP owned 3.99% of Nathan's Famous worth $12,797,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Royce & Associates LP raised its stake in shares of Nathan's Famous by 15.6% during the 4th quarter. Royce & Associates LP now owns 139,528 shares of the restaurant operator's stock worth $10,968,000 after purchasing an additional 18,851 shares during the period. Annex Advisory Services LLC grew its position in Nathan's Famous by 21.9% during the fourth 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. Arrowstreet Capital Limited Partnership grew its stake in Nathan's Famous by 44.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 13,597 shares of the restaurant operator's stock worth $1,069,000 after buying an additional 4,195 shares in the last quarter. JPMorgan Chase & Co. grew its position in Nathan's Famous by 164.1% in the fourth quarter. JPMorgan Chase & Co. now owns 12,527 shares of the restaurant operator's stock worth $985,000 after acquiring an additional 7,783 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Nathan's Famous in the 4th quarter worth about $904,000. Hedge funds and other institutional investors own 66.54% of the company's stock.

Nathan's Famous Stock Up 1.4%

Shares of NASDAQ:NATH traded up $1.44 during midday trading on Thursday, reaching $103.24. The company's stock had a trading volume of 4,152 shares, compared to its average volume of 10,338. Nathan's Famous, Inc. has a 12-month low of $66.35 and a 12-month high of $106.37. The firm has a market capitalization of $422.13 million, a P/E ratio of 17.80 and a beta of 0.32. The firm has a 50 day moving average of $95.42 and a 200-day moving average of $89.35.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Nathan's Famous from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd.

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.