Dimensional Fund Advisors LP Sells 3,144 Shares of Nathan’s Famous, Inc. (NASDAQ:NATH)

Dimensional Fund Advisors LP reduced its holdings in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 162,783 shares of the restaurant operator’s stock after selling 3,144 shares during the period. Dimensional Fund Advisors LP owned about 3.99% of Nathan’s Famous worth $12,797,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Nathan’s Famous during the fourth quarter valued at approximately $397,000. JPMorgan Chase & Co. raised its holdings in Nathan’s Famous by 164.1% during the 4th quarter. JPMorgan Chase & Co. now owns 12,527 shares of the restaurant operator’s stock valued at $985,000 after buying an additional 7,783 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Nathan’s Famous during the 4th quarter valued at $904,000. Arrowstreet Capital Limited Partnership grew its holdings in Nathan’s Famous by 44.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 13,597 shares of the restaurant operator’s stock worth $1,069,000 after acquiring an additional 4,195 shares during the last quarter. Finally, Ellsworth Advisors LLC purchased a new position in shares of Nathan’s Famous in the fourth quarter valued at about $589,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Nathan’s Famous Trading Down 2.9 %

NASDAQ:NATH opened at $99.06 on Friday. Nathan’s Famous, Inc. has a 12 month low of $66.35 and a 12 month high of $104.96. The stock has a market cap of $405.06 million, a price-to-earnings ratio of 17.08 and a beta of 0.32. The company has a 50-day moving average price of $95.12 and a 200-day moving average price of $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%.

Analyst Ratings Changes

Separately, StockNews.com raised Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 2nd.

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.