Nathan's Famous, Inc. (NASDAQ:NATH) Stock Holdings Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) by 164.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,527 shares of the restaurant operator's stock after acquiring an additional 7,783 shares during the period. JPMorgan Chase & Co. owned 0.31% of Nathan's Famous worth $985,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in NATH. Royce & Associates LP grew its position in shares of Nathan's Famous by 15.6% during the fourth quarter. Royce & Associates LP now owns 139,528 shares of the restaurant operator's stock worth $10,968,000 after acquiring an additional 18,851 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Nathan's Famous by 3.3% in the third quarter. Geode Capital Management LLC now owns 63,252 shares of the restaurant operator's stock valued at $5,118,000 after buying an additional 2,011 shares during the last quarter. Annex Advisory Services LLC grew its holdings in shares of 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 during the last quarter. Raymond James Financial Inc. acquired a new position in Nathan's Famous in the 4th quarter valued at about $904,000. Finally, Ellsworth Advisors LLC purchased a new stake in Nathan's Famous during the 4th quarter valued at approximately $589,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Nathan's Famous Trading Up 0.8 %

Shares of NATH stock traded up $0.83 during trading hours on Friday, hitting $98.58. The company's stock had a trading volume of 6,904 shares, compared to its average volume of 10,129. Nathan's Famous, Inc. has a twelve month low of $65.50 and a twelve month high of $104.96. The stock has a market cap of $403.07 million, a price-to-earnings ratio of 17.14 and a beta of 0.21. The business has a fifty day moving average of $95.38 and a 200-day moving average of $88.43.

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 negative return on equity of 96.05% and a net margin of 16.19%.

Nathan's Famous Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid 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 2.03%. Nathan's Famous's dividend payout ratio is presently 34.48%.

Analysts Set New Price Targets

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

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.