Annex Advisory Services LLC Buys 3,331 Shares of Nathan's Famous, Inc. (NASDAQ:NATH)

Annex Advisory Services LLC lifted its stake in Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) by 18.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,284 shares of the restaurant operator's stock after buying an additional 3,331 shares during the period. Annex Advisory Services LLC owned approximately 0.52% of Nathan's Famous worth $2,051,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in Nathan's Famous in the 4th quarter valued at $109,000. AdvisorShares Investments LLC acquired a new position in Nathan's Famous in the fourth quarter valued at about $149,000. Wells Fargo & Company MN lifted its position in 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. GAMMA Investing LLC lifted its position in Nathan's Famous by 9,031.6% during the first quarter. GAMMA Investing LLC now owns 1,735 shares of the restaurant operator's stock worth $167,000 after purchasing an additional 1,716 shares during the period. Finally, Bank of America Corp DE grew its stake in Nathan's Famous by 30.8% during the fourth quarter. Bank of America Corp DE now owns 2,820 shares of the restaurant operator's stock worth $222,000 after buying an additional 664 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.

Analyst Upgrades and Downgrades

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

Nathan's Famous Price Performance

NATH traded up $1.90 during trading on Friday, hitting $108.70. 150,422 shares of the stock traded hands, compared to its average volume of 13,342. The business has a 50 day moving average price of $98.79 and a 200 day moving average price of $91.42. Nathan's Famous, Inc. has a twelve month low of $66.35 and a twelve month high of $108.86. The company has a market cap of $444.47 million, a price-to-earnings ratio of 18.74 and a beta of 0.32.

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.