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

StockNews.com upgraded shares of Nathan’s Famous (NASDAQ:NATH) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.

Nathan’s Famous Trading Up 1.2 %

NATH opened at $69.40 on Friday. Nathan’s Famous has a 12-month low of $61.35 and a 12-month high of $82.00. The firm has a 50 day moving average of $68.00 and a two-hundred day moving average of $69.44. The firm has a market capitalization of $283.15 million, a PE ratio of 14.43 and a beta of 0.23.

Nathan’s Famous Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Monday, June 24th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.88%. Nathan’s Famous’s payout ratio is 41.58%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NATH. Tower Research Capital LLC TRC grew its stake in shares of Nathan’s Famous by 102.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 336 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 170 shares during the period. Gladius Capital Management LP acquired a new stake in shares of Nathan’s Famous in the third quarter valued at about $32,000. Victory Capital Management Inc. purchased a new stake in shares of Nathan’s Famous during the fourth quarter worth about $104,000. BNP Paribas Financial Markets increased its stake in Nathan’s Famous by 13.0% during the 4th quarter. BNP Paribas Financial Markets now owns 4,316 shares of the restaurant operator’s stock worth $337,000 after buying an additional 498 shares in the last quarter. Finally, Meixler Investment Management Ltd. acquired a new stake in shares of Nathan’s Famous in the first quarter worth approximately $322,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Nathan’s Famous Company Profile

Nathan's Famous, Inc, together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.