Raymond James Financial Inc. purchased a new stake in Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,503 shares of the restaurant operator's stock, valued at approximately $904,000. Raymond James Financial Inc. owned approximately 0.28% of Nathan's Famous at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Nathan's Famous during the 4th quarter worth approximately $109,000. Wells Fargo & Company MN boosted its position in Nathan's Famous by 45.1% during the 4th quarter. Wells Fargo & Company MN now owns 2,056 shares of the restaurant operator's stock worth $162,000 after buying an additional 639 shares during the period. O Shaughnessy Asset Management LLC boosted its position in Nathan's Famous by 27.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,697 shares of the restaurant operator's stock worth $291,000 after buying an additional 803 shares during the period. Barclays PLC lifted its position in shares of Nathan's Famous by 271.3% in the 3rd quarter. Barclays PLC now owns 4,084 shares of the restaurant operator's stock worth $330,000 after purchasing an additional 2,984 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Nathan's Famous by 125.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator's stock worth $384,000 after purchasing an additional 2,640 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.
Nathan's Famous Price Performance
Shares of NASDAQ:NATH traded down $2.92 during mid-day trading on Friday, hitting $99.06. The company had a trading volume of 6,635 shares, compared to its average volume of 10,305. The firm has a fifty day moving average price of $95.12 and a 200 day moving average price of $89.03. The company has a market capitalization of $405.06 million, a PE ratio of 17.08 and a beta of 0.32. Nathan's Famous, Inc. has a one year low of $66.35 and a one year high of $104.96.
Nathan's Famous (NASDAQ:NATH - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The restaurant operator reported $1.10 EPS for the quarter. Nathan's Famous had a net margin of 16.19% and a negative return on equity of 96.05%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Nathan's Famous from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 2nd.
Read Our Latest Stock Analysis on NATH
Nathan's Famous Company Profile
(
Free Report)
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.
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