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

StockNews.com upgraded shares of Nathan’s Famous (NASDAQ:NATH) from a buy rating to a strong-buy rating in a report published on Tuesday morning.

Nathan’s Famous Stock Performance

NASDAQ:NATH opened at $100.50 on Tuesday. The firm has a market cap of $410.04 million, a P/E ratio of 17.33 and a beta of 0.25. The firm has a 50-day simple moving average of $81.33 and a 200-day simple moving average of $80.92. Nathan’s Famous has a one year low of $64.02 and a one year high of $102.27.

Nathan’s Famous (NASDAQ:NATH) last posted 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 89.20%.

Nathan’s Famous Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.99%. The ex-dividend date is Tuesday, February 18th. Nathan’s Famous’s dividend payout ratio is presently 34.48%.

Institutional Trading of Nathan’s Famous

Several large investors have recently bought and sold shares of NATH. Janney Montgomery Scott LLC boosted its holdings in Nathan’s Famous by 2.8% during the third 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 purchased a new stake in shares of Nathan’s Famous in the third quarter valued at about $309,000. Royce & Associates LP grew its holdings in shares of Nathan’s Famous by 48.1% in 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 period. Seizert Capital Partners LLC grew 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 during the period. Finally, Crawford Fund Management LLC boosted its stake in 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 worth $7,901,000 after buying an additional 10,350 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.