Teton Advisors Inc. Has $6.08 Million Stake in Nathan’s Famous, Inc. (NASDAQ:NATH)

Teton Advisors Inc. reduced its holdings in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) by 31.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,400 shares of the restaurant operator’s stock after selling 35,500 shares during the quarter. Nathan’s Famous accounts for about 3.1% of Teton Advisors Inc.’s holdings, making the stock its 2nd biggest position. Teton Advisors Inc.’s holdings in Nathan’s Famous were worth $6,084,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in Nathan’s Famous in the 4th quarter valued at $109,000. Wells Fargo & Company MN lifted its position in shares of Nathan’s Famous by 45.1% during the fourth quarter. Wells Fargo & Company MN now owns 2,056 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 639 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Nathan’s Famous by 27.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,697 shares of the restaurant operator’s stock worth $291,000 after purchasing an additional 803 shares during the last quarter. Barclays PLC grew its position in 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Nathan’s Famous by 125.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator’s stock valued at $384,000 after buying an additional 2,640 shares during the last quarter. 66.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Nathan’s Famous from a “strong-buy” rating to a “buy” rating in a report on Monday, April 7th.

Nathan’s Famous Stock Performance

NASDAQ NATH opened at $93.00 on Tuesday. The company has a market capitalization of $380.28 million, a PE ratio of 16.03 and a beta of 0.21. Nathan’s Famous, Inc. has a 52-week low of $64.02 and a 52-week high of $104.96. The company has a 50-day simple moving average of $95.04 and a 200 day simple moving average of $87.26.

Nathan’s Famous (NASDAQ:NATH) last released 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Tuesday, February 18th. Nathan’s Famous’s payout ratio is 34.48%.

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.