Short Interest in Nathan’s Famous, Inc. (NASDAQ:NATH) Decreases By 14.6%

Nathan’s Famous, Inc. (NASDAQ:NATH) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 21,100 shares, a decline of 14.6% from the February 28th total of 24,700 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 12,300 shares, the days-to-cover ratio is presently 1.7 days.

Analyst Ratings Changes

Separately, StockNews.com upgraded Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 5th.

Nathan’s Famous Price Performance

Shares of Nathan’s Famous stock opened at $95.85 on Thursday. The stock has a market capitalization of $391.93 million, a price-to-earnings ratio of 16.53 and a beta of 0.15. The business has a 50-day moving average of $92.90 and a 200 day moving average of $86.40. Nathan’s Famous has a 12 month low of $64.02 and a 12 month high of $104.96.

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

Nathan’s Famous Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Tuesday, February 18th. Nathan’s Famous’s dividend payout ratio is currently 34.48%.

Institutional Trading of Nathan’s Famous

Several hedge funds have recently modified their holdings of the stock. Barclays PLC grew its stake in Nathan’s Famous by 271.3% during the 3rd quarter. Barclays PLC now owns 4,084 shares of the restaurant operator’s stock worth $330,000 after purchasing an additional 2,984 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Nathan’s Famous by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 63,252 shares of the restaurant operator’s stock valued at $5,118,000 after buying an additional 2,011 shares during the period. JPMorgan Chase & Co. grew its position in shares of Nathan’s Famous by 125.5% during the third quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator’s stock worth $384,000 after buying an additional 2,640 shares in the last quarter. Annex Advisory Services LLC increased its stake 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 buying an additional 3,221 shares during the period. Finally, Ellsworth Advisors LLC acquired a new stake in Nathan’s Famous in the fourth quarter valued at approximately $589,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

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.