StockNews.com Upgrades Nathan’s Famous (NASDAQ:NATH) to “Strong-Buy”

Nathan’s Famous (NASDAQ:NATH) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

Nathan’s Famous Stock Down 0.7 %

Shares of NASDAQ:NATH opened at $80.91 on Friday. Nathan’s Famous has a fifty-two week low of $63.01 and a fifty-two week high of $94.97. The firm’s 50 day moving average price is $81.72 and its 200 day moving average price is $80.11. The stock has a market cap of $330.11 million, a price-to-earnings ratio of 15.15 and a beta of 0.25.

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

Institutional Trading of Nathan’s Famous

Several institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Nathan’s Famous during the fourth quarter worth about $109,000. GSA Capital Partners LLP purchased a new position in Nathan’s Famous in the 3rd quarter valued at $309,000. Barclays PLC increased its stake in Nathan’s Famous by 271.3% in the 3rd quarter. Barclays PLC now owns 4,084 shares of the restaurant operator’s stock valued at $330,000 after buying an additional 2,984 shares during the period. Seizert Capital Partners LLC lifted its stake in shares of Nathan’s Famous by 21.6% in the 3rd 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 during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Nathan’s Famous by 125.5% in the third quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator’s stock valued at $384,000 after acquiring an additional 2,640 shares in the last quarter. 66.54% of the stock is owned by hedge funds and other 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.