Nathan’s Famous (NASDAQ:NATH) Stock Rating Upgraded by StockNews.com

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

Nathan’s Famous Trading Up 0.3 %

NASDAQ NATH traded up $0.20 on Friday, hitting $72.85. 8,198 shares of the company were exchanged, compared to its average volume of 5,708. The company has a market cap of $297.59 million, a PE ratio of 15.15 and a beta of 0.23. The stock has a fifty day moving average of $70.41 and a 200-day moving average of $68.93. Nathan’s Famous has a 12 month low of $61.35 and a 12 month high of $79.75.

Nathan’s Famous (NASDAQ:NATH) last released its quarterly earnings data on Wednesday, June 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter. Nathan’s Famous had a net margin of 14.15% and a negative return on equity of 55.06%. The company had revenue of $28.99 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Cullen Investment Group LTD. bought a new position in Nathan’s Famous in the 4th quarter valued at about $850,000. Victory Capital Management Inc. bought a new position in shares of Nathan’s Famous in the fourth quarter valued at approximately $104,000. BNP Paribas Financial Markets boosted its position in shares of Nathan’s Famous by 13.0% during the fourth quarter. BNP Paribas Financial Markets now owns 4,316 shares of the restaurant operator’s stock valued at $337,000 after buying an additional 498 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Nathan’s Famous by 17.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 9,651 shares of the restaurant operator’s stock worth $753,000 after buying an additional 1,458 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Nathan’s Famous by 102.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 336 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 170 shares during the last quarter. 66.54% of the stock is owned by institutional investors.

About Nathan’s Famous

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.