Dimensional Fund Advisors LP Cuts Holdings in Nathan’s Famous, Inc. (NASDAQ:NATH)

Dimensional Fund Advisors LP lowered its stake in Nathan’s Famous, Inc. (NASDAQ:NATH) by 1.9% during the 4th quarter, HoldingsChannel reports. The firm owned 162,783 shares of the restaurant operator’s stock after selling 3,144 shares during the period. Dimensional Fund Advisors LP’s holdings in Nathan’s Famous were worth $12,797,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Royce & Associates LP raised its position in Nathan’s Famous by 15.6% in the fourth quarter. Royce & Associates LP now owns 139,528 shares of the restaurant operator’s stock worth $10,968,000 after acquiring an additional 18,851 shares during the period. Annex Advisory Services LLC grew its position in shares of Nathan’s Famous by 21.9% during the fourth quarter. Annex Advisory Services LLC now owns 17,953 shares of the restaurant operator’s stock worth $1,411,000 after purchasing an additional 3,221 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Nathan’s Famous by 44.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 13,597 shares of the restaurant operator’s stock valued at $1,069,000 after buying an additional 4,195 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Nathan’s Famous by 164.1% in the 4th quarter. JPMorgan Chase & Co. now owns 12,527 shares of the restaurant operator’s stock valued at $985,000 after acquiring an additional 7,783 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Nathan’s Famous in the fourth quarter worth about $904,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

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.

Nathan’s Famous Trading Down 2.9 %

Shares of NATH opened at $99.06 on Friday. Nathan’s Famous, Inc. has a twelve month low of $66.35 and a twelve month high of $104.96. The company has a market cap of $405.06 million, a P/E ratio of 17.08 and a beta of 0.32. The company’s fifty day simple moving average is $95.12 and its 200-day simple moving average is $88.97.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $1.10 EPS for the quarter. Nathan’s Famous had a negative return on equity of 96.05% and a net margin of 16.19%.

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.