Groesbeck Investment Management Corp NJ purchased a new position in Nathan's Famous, Inc. (NASDAQ:NATH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,200 shares of the restaurant operator’s stock, valued at approximately $619,000.

Several other institutional investors also recently bought and sold shares of NATH. Gamco Investors INC. ET AL grew its stake in shares of Nathan's Famous by 4.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 245,635 shares of the restaurant operator’s stock worth $18,165,000 after buying an additional 10,911 shares during the last quarter. Teton Advisors Inc. grew its stake in shares of Nathan's Famous by 4.7% in the 3rd quarter. Teton Advisors Inc. now owns 223,850 shares of the restaurant operator’s stock worth $16,554,000 after buying an additional 10,114 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Nathan's Famous by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 201,498 shares of the restaurant operator’s stock valued at $12,694,000 after purchasing an additional 9,977 shares during the last quarter. OxFORD Asset Management LLP purchased a new stake in Nathan's Famous during the 3rd quarter valued at $557,000. Finally, State Street Corp boosted its stake in Nathan's Famous by 12.2% during the 2nd quarter. State Street Corp now owns 48,087 shares of the restaurant operator’s stock valued at $3,032,000 after purchasing an additional 5,224 shares during the last quarter. Institutional investors own 37.94% of the company’s stock.

Shares of Nathan's Famous, Inc. (NASDAQ:NATH) opened at $67.20 on Friday. The company has a debt-to-equity ratio of -1.70, a quick ratio of 7.01 and a current ratio of 2.67. Nathan's Famous, Inc. has a 52 week low of $52.90 and a 52 week high of $100.90. The company has a market capitalization of $279.11, a price-to-earnings ratio of 96.00 and a beta of 0.07.

Nathan's Famous (NASDAQ:NATH) last issued its earnings results on Friday, February 2nd. The restaurant operator reported $0.25 EPS for the quarter. Nathan's Famous had a negative return on equity of 11.35% and a net margin of 2.88%. The business had revenue of $22.08 million for the quarter.

In other Nathan's Famous news, Director Brian S. Genson sold 2,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $95.56, for a total transaction of $191,120.00. Following the sale, the director now directly owns 17,614 shares in the company, valued at approximately $1,683,193.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 32.60% of the company’s stock.

Separately, BidaskClub downgraded Nathan's Famous from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th.

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About Nathan's Famous

Nathan’s Famous, Inc (Nathan’s) is a licensor, wholesaler and retailer of products marketed under Nathan’s Famous brand. The Company’s products are marketed for sale in approximately 55,000 locations, including supermarkets, mass merchandisers and club stores, selected foodservice locations and Company-owned and franchised restaurants throughout the United States and in over 10 foreign territories and countries.

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Institutional Ownership by Quarter for Nathan's Famous (NASDAQ:NATH)

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