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

StockNews.com lowered shares of Nathan’s Famous (NASDAQ:NATH) from a strong-buy rating to a buy rating in a research report sent to investors on Friday.

Nathan’s Famous Price Performance

Shares of NASDAQ:NATH opened at $79.78 on Friday. The stock’s 50-day moving average is $81.98 and its 200 day moving average is $79.73. The company has a market cap of $325.50 million, a PE ratio of 14.94 and a beta of 0.25. Nathan’s Famous has a 1 year low of $63.01 and a 1 year high of $94.97.

Nathan’s Famous (NASDAQ:NATH) last posted its earnings results on Thursday, November 7th. The restaurant operator reported $1.47 earnings per share (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 for the quarter.

Nathan’s Famous Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were given a $0.50 dividend. The ex-dividend date was Monday, November 25th. This represents a $2.00 annualized dividend and a dividend yield of 2.51%. Nathan’s Famous’s dividend payout ratio is 37.45%.

Hedge Funds Weigh In On Nathan’s Famous

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Royce & Associates LP boosted its position in 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 acquiring an additional 39,193 shares in the last quarter. Crawford Fund Management LLC boosted its position in shares of Nathan’s Famous by 11.9% during the third quarter. Crawford Fund Management LLC now owns 97,660 shares of the restaurant operator’s stock valued at $7,901,000 after purchasing an additional 10,350 shares in the last quarter. Ellsworth Advisors LLC purchased a new stake in Nathan’s Famous in the fourth quarter worth $589,000. GSA Capital Partners LLP bought a new position in Nathan’s Famous in the third quarter worth $309,000. Finally, Annex Advisory Services LLC lifted its position in Nathan’s Famous by 21.9% during the fourth quarter. Annex Advisory Services LLC now owns 17,953 shares of the restaurant operator’s stock valued at $1,411,000 after buying an additional 3,221 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

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.