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

JPMorgan Chase & Co. increased its position in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) by 125.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 4,744 shares of the restaurant operator’s stock after acquiring an additional 2,640 shares during the period. JPMorgan Chase & Co.’s holdings in Nathan’s Famous were worth $384,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Barclays PLC grew its holdings in 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. Geode Capital Management LLC boosted its position in shares of 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 purchasing an additional 2,011 shares in the last quarter. Crawford Fund Management LLC boosted its position in shares of Nathan’s Famous by 11.9% in the 3rd 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 in the last quarter. Seizert Capital Partners LLC grew its stake in Nathan’s Famous by 21.6% during the 3rd quarter. Seizert Capital Partners LLC now owns 4,624 shares of the restaurant operator’s stock worth $374,000 after buying an additional 821 shares during the last quarter. Finally, Royce & Associates LP increased its position 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 buying an additional 39,193 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Wall Street Analyst Weigh In

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

Nathan’s Famous Trading Up 0.2 %

NASDAQ:NATH opened at $81.55 on Thursday. The company’s 50 day moving average is $81.80 and its two-hundred day moving average is $80.09. The company has a market cap of $332.72 million, a PE ratio of 15.27 and a beta of 0.25. Nathan’s Famous, Inc. has a twelve month low of $63.01 and a twelve month high of $94.97.

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

Nathan’s Famous Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Monday, November 25th. Nathan’s Famous’s payout ratio is 37.45%.

About Nathan’s Famous

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.