JPMorgan Chase & Co. Purchases 2,640 Shares of Nathan’s Famous, Inc. (NASDAQ:NATH)

JPMorgan Chase & Co. grew its holdings in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) by 125.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,744 shares of the restaurant operator’s stock after buying an additional 2,640 shares during the quarter. JPMorgan Chase & Co. owned 0.12% of Nathan’s Famous worth $384,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royce & Associates LP boosted its holdings in Nathan’s Famous by 48.1% during the 3rd quarter. Royce & Associates LP now owns 120,677 shares of the restaurant operator’s stock valued at $9,763,000 after acquiring an additional 39,193 shares during the period. Crawford Fund Management LLC lifted its position in shares of Nathan’s Famous by 11.9% during the third quarter. Crawford Fund Management LLC now owns 97,660 shares of the restaurant operator’s stock worth $7,901,000 after purchasing an additional 10,350 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Nathan’s Famous during the third quarter valued at $309,000. Barclays PLC grew its holdings in shares of Nathan’s Famous by 271.3% in 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 during the last quarter. Finally, Geode Capital Management LLC increased its stake in Nathan’s Famous by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 63,252 shares of the restaurant operator’s stock worth $5,118,000 after buying an additional 2,011 shares during the period. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Nathan’s Famous from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 24th.

Nathan’s Famous Stock Performance

Shares of NASDAQ NATH opened at $81.55 on Thursday. The stock has a 50 day moving average price of $81.80 and a 200 day moving average price of $80.09. The firm has a market capitalization of $332.72 million, a price-to-earnings ratio of 15.27 and a beta of 0.25. Nathan’s Famous, Inc. has a 52-week low of $63.01 and a 52-week high of $94.97.

Nathan’s Famous (NASDAQ:NATH) last issued its earnings results on Thursday, November 7th. The restaurant operator reported $1.47 earnings per share for the quarter. The business had revenue of $41.11 million during the quarter. Nathan’s Famous had a negative return on equity of 76.12% and a net margin of 15.18%.

Nathan’s Famous Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Monday, November 25th. Nathan’s Famous’s dividend payout ratio (DPR) is 37.45%.

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.