Renaissance Technologies LLC Decreases Holdings in Nathan’s Famous, Inc. (NASDAQ:NATH)

Renaissance Technologies LLC trimmed its position in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,056 shares of the restaurant operator’s stock after selling 6,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Nathan’s Famous were worth $12,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Royce & Associates LP lifted its stake in shares of Nathan’s Famous by 15.6% in the 4th quarter. Royce & Associates LP now owns 139,528 shares of the restaurant operator’s stock worth $10,968,000 after purchasing an additional 18,851 shares during the period. Raymond James Financial Inc. purchased a new stake in Nathan’s Famous in the 4th quarter worth approximately $904,000. 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 worth $985,000 after acquiring an additional 7,783 shares in the last quarter. Ellsworth Advisors LLC bought a new stake in Nathan’s Famous during the 4th quarter worth approximately $589,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Nathan’s Famous during the fourth quarter valued at approximately $397,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Nathan’s Famous Stock Up 1.3 %

NASDAQ:NATH opened at $94.24 on Wednesday. The business’s 50-day simple moving average is $95.21 and its two-hundred day simple moving average is $87.31. Nathan’s Famous, Inc. has a 52 week low of $64.02 and a 52 week high of $104.96. The stock has a market cap of $385.35 million, a PE ratio of 16.25 and a beta of 0.21.

Nathan’s Famous (NASDAQ:NATH) last issued its earnings results on Thursday, February 6th. The restaurant operator reported $1.10 earnings per share (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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.12%. Nathan’s Famous’s dividend payout ratio is 34.48%.

Analyst Ratings Changes

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

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.