Gabelli Funds LLC Has $9.62 Million Position in Nathan’s Famous, Inc. (NASDAQ:NATH)

Gabelli Funds LLC cut its holdings in Nathan’s Famous, Inc. (NASDAQ:NATH – Get Rating) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 164,715 shares of the restaurant operator’s stock after selling 800 shares during the quarter. Gabelli Funds LLC owned 4.00% of Nathan’s Famous worth $9,618,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its stake in shares of Nathan’s Famous by 374.6% in the third quarter. BNP Paribas Arbitrage SA now owns 560 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 442 shares during the last quarter. Citigroup Inc. boosted its position in Nathan’s Famous by 115.9% during the fourth quarter. Citigroup Inc. now owns 734 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 394 shares during the period. Barclays PLC boosted its holdings in shares of Nathan’s Famous by 205.0% in the third quarter. Barclays PLC now owns 1,162 shares of the restaurant operator’s stock worth $71,000 after acquiring an additional 781 shares during the period. Bank of America Corp DE grew its position in shares of Nathan’s Famous by 106.4% during the 4th quarter. Bank of America Corp DE now owns 2,211 shares of the restaurant operator’s stock valued at $129,000 after purchasing an additional 1,140 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Nathan’s Famous by 125.9% in the fourth quarter. JPMorgan Chase & Co. now owns 3,850 shares of the restaurant operator’s stock worth $225,000 after purchasing an additional 2,146 shares during the last quarter. Institutional investors own 41.58% of the company’s stock.

Shares of NATH opened at $47.23 on Monday. Nathan’s Famous, Inc. has a fifty-two week low of $45.50 and a fifty-two week high of $78.89. The stock has a market cap of $194.35 million, a PE ratio of 14.40 and a beta of 0.46. The firm’s 50-day simple moving average is $51.34 and its two-hundred day simple moving average is $55.79.

Separately, StockNews.com began coverage on shares of Nathan’s Famous in a report on Thursday, March 31st. They issued a “strong-buy” rating on the stock.

Nathan’s Famous Profile (Get Rating)

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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