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

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

Nathan’s Famous Trading Up 2.1 %

NATH opened at $86.10 on Tuesday. The stock has a fifty day moving average price of $81.33 and a 200 day moving average price of $80.68. Nathan’s Famous has a 1 year low of $64.02 and a 1 year high of $94.97. The stock has a market cap of $351.29 million, a price-to-earnings ratio of 14.84 and a beta of 0.25.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings results on Thursday, February 6th. The restaurant operator reported $1.10 earnings per share for the quarter. Nathan’s Famous had a negative return on equity of 89.20% and a net margin of 16.19%.

Hedge Funds Weigh In On Nathan’s Famous

Institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its position in 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 worth $909,000 after buying an additional 310 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Nathan’s Famous during the third quarter worth approximately $309,000. Royce & Associates LP grew its stake in shares of Nathan’s Famous by 48.1% during the third quarter. Royce & Associates LP now owns 120,677 shares of the restaurant operator’s stock valued at $9,763,000 after purchasing an additional 39,193 shares during the last quarter. Seizert Capital Partners LLC increased its holdings in shares of Nathan’s Famous by 21.6% in the third quarter. Seizert Capital Partners LLC now owns 4,624 shares of the restaurant operator’s stock valued at $374,000 after purchasing 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 last quarter. 66.54% of the stock is 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.