Nathan’s Famous (NASDAQ:NATH) Upgraded by StockNews.com to Strong-Buy Rating

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

Nathan’s Famous Stock Down 2.2 %

NATH opened at $98.73 on Wednesday. The firm has a 50-day simple moving average of $86.02 and a two-hundred day simple moving average of $83.77. Nathan’s Famous has a 52 week low of $64.02 and a 52 week high of $104.96. The company has a market capitalization of $403.71 million, a PE ratio of 17.02 and a beta of 0.25.

Nathan’s Famous (NASDAQ:NATH) last released its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $1.10 EPS for the quarter. Nathan’s Famous had a net margin of 16.19% and a negative return on equity of 96.05%.

Institutional Trading of Nathan’s Famous

Several hedge funds have recently made changes to their positions in NATH. Janney Montgomery Scott LLC raised its position in shares of Nathan’s Famous by 2.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,234 shares of the restaurant operator’s stock valued at $909,000 after buying an additional 310 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Nathan’s Famous during the 3rd quarter valued at about $309,000. Royce & Associates LP raised its position in shares of Nathan’s Famous by 48.1% during the 3rd quarter. Royce & Associates LP now owns 120,677 shares of the restaurant operator’s stock valued at $9,763,000 after buying an additional 39,193 shares in the last quarter. Seizert Capital Partners LLC raised its position in shares of 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 valued at $374,000 after buying an additional 821 shares in the last quarter. Finally, Crawford Fund Management LLC raised its position in Nathan’s Famous by 11.9% in the 3rd quarter. Crawford Fund Management LLC now owns 97,660 shares of the restaurant operator’s stock worth $7,901,000 after purchasing an additional 10,350 shares during the period. 66.54% of the stock is currently 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.