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

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

Nathan’s Famous Stock Performance

Nathan’s Famous stock opened at $79.78 on Friday. Nathan’s Famous has a 52 week low of $63.01 and a 52 week high of $94.97. The stock has a market capitalization of $325.90 million, a P/E ratio of 14.94 and a beta of 0.25. The stock has a fifty day moving average of $81.88 and a 200-day moving average of $79.80.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Royce & Associates LP grew its stake in shares of Nathan’s Famous by 48.1% in the third quarter. Royce & Associates LP now owns 120,677 shares of the restaurant operator’s stock worth $9,763,000 after purchasing an additional 39,193 shares during the last quarter. Crawford Fund Management LLC increased its stake in shares of Nathan’s Famous by 11.9% in the third quarter. Crawford Fund Management LLC now owns 97,660 shares of the restaurant operator’s stock valued at $7,901,000 after buying an additional 10,350 shares during the period. Geode Capital Management LLC raised its position in shares of Nathan’s Famous by 3.3% during the third quarter. Geode Capital Management LLC now owns 63,252 shares of the restaurant operator’s stock worth $5,118,000 after acquiring an additional 2,011 shares during the last quarter. Annex Advisory Services LLC lifted its stake in shares of Nathan’s Famous by 21.9% in the fourth quarter. Annex Advisory Services LLC now owns 17,953 shares of the restaurant operator’s stock worth $1,411,000 after acquiring an additional 3,221 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Nathan’s Famous by 2.8% in the third quarter. Janney Montgomery Scott LLC now owns 11,234 shares of the restaurant operator’s stock valued at $909,000 after acquiring an additional 310 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors.

About Nathan’s Famous

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.