BNP Paribas Arbitrage SA raised its holdings in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) by 59,700.0% during the 1st quarter, Holdings Channel reports. The firm owned 598 shares of the restaurant operator’s stock after acquiring an additional 597 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Nathan’s Famous were worth $41,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Gabelli Funds LLC lifted its holdings in Nathan’s Famous by 15.0% during the fourth quarter. Gabelli Funds LLC now owns 2,300 shares of the restaurant operator’s stock valued at $153,000 after purchasing an additional 300 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Nathan’s Famous by 3.4% during the fourth quarter. California Public Employees Retirement System now owns 12,832 shares of the restaurant operator’s stock valued at $853,000 after buying an additional 424 shares during the period. Bank of America Corp DE increased its position in shares of Nathan’s Famous by 61.4% during the fourth quarter. Bank of America Corp DE now owns 1,737 shares of the restaurant operator’s stock valued at $116,000 after buying an additional 661 shares during the period. Rhumbline Advisers increased its position in shares of Nathan’s Famous by 50.3% during the fourth quarter. Rhumbline Advisers now owns 3,730 shares of the restaurant operator’s stock valued at $248,000 after buying an additional 1,249 shares during the period. Finally, Bessemer Group Inc. increased its position in shares of Nathan’s Famous by 23.1% during the fourth quarter. Bessemer Group Inc. now owns 8,000 shares of the restaurant operator’s stock valued at $532,000 after buying an additional 1,500 shares during the period. 42.35% of the stock is currently owned by institutional investors and hedge funds.

NATH stock opened at $64.18 on Wednesday. The company has a market capitalization of $267.44 million, a P/E ratio of 22.04 and a beta of 0.17. Nathan’s Famous, Inc. has a 1-year low of $62.20 and a 1-year high of $107.05.

Separately, BidaskClub cut Nathan’s Famous from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 12th.

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About Nathan’s Famous

Nathan's Famous, Inc, together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.

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

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