State of Tennessee Department of Treasury Makes New $294,000 Investment in Nathan's Famous, Inc. (NASDAQ:NATH)

State of Tennessee Department of Treasury purchased a new position in Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,737 shares of the restaurant operator's stock, valued at approximately $294,000. State of Tennessee Department of Treasury owned approximately 0.09% of Nathan's Famous as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the business. Barclays PLC grew its position in Nathan's Famous by 11.5% during the 4th quarter. Barclays PLC now owns 4,555 shares of the restaurant operator's stock worth $359,000 after purchasing an additional 471 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Nathan's Famous in the 4th quarter worth approximately $904,000. Wells Fargo & Company MN raised 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 last quarter. O Shaughnessy Asset Management LLC raised 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 last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Nathan's Famous by 44.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 13,597 shares of the restaurant operator's stock valued at $1,069,000 after acquiring an additional 4,195 shares during the period. Hedge funds and other institutional investors own 66.54% of the company's stock.

Analysts Set New Price Targets

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

Nathan's Famous Stock Performance

Nathan's Famous stock traded up $3.68 during midday trading on Thursday, hitting $102.50. 24,547 shares of the company were exchanged, compared to its average volume of 10,249. The business has a fifty day simple moving average of $95.08 and a two-hundred day simple moving average of $88.76. The firm has a market capitalization of $419.12 million, a PE ratio of 17.67 and a beta of 0.32. Nathan's Famous, Inc. has a fifty-two week low of $66.35 and a fifty-two week high of $104.96.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last issued its quarterly earnings data 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%.

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.