Nathan’s Famous (NASDAQ:NATH) Upgraded at StockNews.com

Nathan’s Famous (NASDAQ:NATH) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Nathan’s Famous Stock Performance

Shares of NATH stock opened at $80.91 on Friday. The stock has a fifty day moving average price of $81.72 and a 200 day moving average price of $80.11. The stock has a market cap of $330.11 million, a PE ratio of 15.15 and a beta of 0.25. Nathan’s Famous has a 1 year low of $63.01 and a 1 year high of $94.97.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NATH. SG Americas Securities LLC acquired a new stake in Nathan’s Famous during the 4th quarter valued at $109,000. GSA Capital Partners LLP acquired a new stake in shares of Nathan’s Famous during the third quarter valued at $309,000. Barclays PLC boosted its stake in shares of Nathan’s Famous by 271.3% during the third quarter. Barclays PLC now owns 4,084 shares of the restaurant operator’s stock valued at $330,000 after acquiring an additional 2,984 shares during the last quarter. Seizert Capital Partners LLC increased its position in Nathan’s Famous by 21.6% during the 3rd quarter. Seizert Capital Partners LLC now owns 4,624 shares of the restaurant operator’s stock worth $374,000 after purchasing an additional 821 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Nathan’s Famous by 125.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator’s stock valued at $384,000 after purchasing an additional 2,640 shares during the last quarter. 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.