Nathan’s Famous (NASDAQ:NATH) Lowered to “Buy” Rating by StockNews.com

Nathan’s Famous (NASDAQ:NATH) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Friday.

Nathan’s Famous Price Performance

NASDAQ NATH opened at $79.78 on Friday. The stock has a market capitalization of $325.90 million, a P/E ratio of 14.94 and a beta of 0.25. The business has a 50 day simple moving average of $81.88 and a 200 day simple moving average of $79.80. Nathan’s Famous has a one year low of $63.01 and a one year high of $94.97.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings data on Thursday, November 7th. The restaurant operator reported $1.47 EPS for the quarter. Nathan’s Famous had a net margin of 15.18% and a negative return on equity of 76.12%. The company had revenue of $41.11 million during the quarter.

Institutional Investors Weigh In On Nathan’s Famous

Several hedge funds and other institutional investors have recently modified their holdings of NATH. Janney Montgomery Scott LLC grew its position in Nathan’s Famous by 2.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,234 shares of the restaurant operator’s stock valued at $909,000 after purchasing an additional 310 shares during the period. Seizert Capital Partners LLC increased its position in shares of Nathan’s Famous by 21.6% during the third quarter. Seizert Capital Partners LLC now owns 4,624 shares of the restaurant operator’s stock worth $374,000 after acquiring an additional 821 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Nathan’s Famous in the 4th quarter worth about $109,000. Annex Advisory Services LLC raised its holdings in shares of Nathan’s Famous by 15.4% in the 3rd quarter. Annex Advisory Services LLC now owns 14,732 shares of the restaurant operator’s stock worth $1,192,000 after acquiring an additional 1,961 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in 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 acquiring an additional 2,011 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

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.