Two Sigma Investments LP Decreases Stock Position in Nathan’s Famous, Inc. (NASDAQ:NATH)

Two Sigma Investments LP lessened its stake in Nathan’s Famous, Inc. (NASDAQ:NATH) by 29.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,309 shares of the restaurant operator’s stock after selling 2,166 shares during the quarter. Two Sigma Investments LP owned about 0.13% of Nathan’s Famous worth $417,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NATH. SG Americas Securities LLC purchased a new position in Nathan’s Famous in the 4th quarter worth approximately $109,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Nathan’s Famous during the fourth quarter worth approximately $397,000. Raymond James Financial Inc. acquired a new stake in shares of Nathan’s Famous during the fourth quarter worth approximately $904,000. Royce & Associates LP grew its position in shares of Nathan’s Famous by 15.6% during the fourth quarter. Royce & Associates LP now owns 139,528 shares of the restaurant operator’s stock worth $10,968,000 after buying an additional 18,851 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Nathan’s Famous by 164.1% during the fourth quarter. JPMorgan Chase & Co. now owns 12,527 shares of the restaurant operator’s stock worth $985,000 after buying an additional 7,783 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Wall Street Analysts Forecast Growth

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 Performance

NATH stock opened at $109.89 on Tuesday. The stock has a market capitalization of $449.34 million, a price-to-earnings ratio of 18.95 and a beta of 0.35. Nathan’s Famous, Inc. has a 1 year low of $66.35 and a 1 year high of $111.46. The stock’s fifty day moving average is $99.07 and its two-hundred day moving average is $91.71.

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.