JPMorgan Chase & Co. Increases Stock Position in Nathan's Famous, Inc. (NASDAQ:NATH)

JPMorgan Chase & Co. increased its stake in shares of Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) by 164.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,527 shares of the restaurant operator's stock after buying an additional 7,783 shares during the period. JPMorgan Chase & Co. owned about 0.31% of Nathan's Famous worth $985,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Nathan's Famous during the 4th quarter worth approximately $109,000. Barclays PLC boosted its position in Nathan's Famous by 271.3% during the third quarter. Barclays PLC now owns 4,084 shares of the restaurant operator's stock worth $330,000 after purchasing an additional 2,984 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Nathan's Famous in the fourth quarter valued at $397,000. Ellsworth Advisors LLC purchased a new position in shares of Nathan's Famous in the fourth quarter valued at $589,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Nathan's Famous during the 4th quarter worth $904,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Nathan's Famous Stock Down 0.3 %

Shares of Nathan's Famous stock traded down $0.30 during trading on Wednesday, hitting $97.75. 12,490 shares of the company were exchanged, compared to its average volume of 10,132. Nathan's Famous, Inc. has a fifty-two week low of $64.50 and a fifty-two week high of $104.96. The firm has a 50 day moving average price of $95.46 and a 200 day moving average price of $88.28. The stock has a market capitalization of $399.70 million, a price-to-earnings ratio of 16.85 and a beta of 0.21.

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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.00 annualized dividend and a dividend yield of 2.05%. Nathan's Famous's dividend payout ratio is currently 34.48%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Nathan's Famous from a "strong-buy" rating to a "buy" rating in a report on Friday, April 18th.

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.