Northern Trust Corp Acquires 426 Shares of Nathan’s Famous, Inc. (NASDAQ:NATH)

Northern Trust Corp lifted its holdings in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 27,011 shares of the restaurant operator’s stock after purchasing an additional 426 shares during the period. Northern Trust Corp owned about 0.66% of Nathan’s Famous worth $2,123,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Barclays PLC grew its holdings in shares of Nathan’s Famous by 11.5% during the 4th quarter. Barclays PLC now owns 4,555 shares of the restaurant operator’s stock valued at $359,000 after purchasing an additional 471 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Nathan’s Famous by 45.1% during the 4th 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 during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Nathan’s Famous by 27.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,697 shares of the restaurant operator’s stock valued at $291,000 after purchasing an additional 803 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Nathan’s Famous during the 4th quarter valued at $109,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Nathan’s Famous by 125.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator’s stock valued at $384,000 after purchasing an additional 2,640 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised 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 Stock Down 0.8%

Shares of NATH opened at $101.27 on Monday. The stock has a market capitalization of $414.09 million, a P/E ratio of 17.46 and a beta of 0.32. The firm has a fifty day simple moving average of $96.74 and a two-hundred day simple moving average of $90.25. Nathan’s Famous, Inc. has a twelve month low of $66.35 and a twelve month high of $106.37.

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.