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 published on Wednesday morning.

Nathan’s Famous Trading Down 1.4 %

Shares of Nathan’s Famous stock opened at $97.37 on Wednesday. The business has a fifty day simple moving average of $86.36 and a two-hundred day simple moving average of $83.86. The firm has a market capitalization of $398.15 million, a P/E ratio of 16.79 and a beta of 0.15. Nathan’s Famous has a 12 month low of $64.02 and a 12 month high of $104.96.

Nathan’s Famous (NASDAQ:NATH) last posted its quarterly earnings results on Thursday, February 6th. The restaurant operator reported $1.10 earnings per share (EPS) for the quarter. Nathan’s Famous had a negative return on equity of 96.05% and a net margin of 16.19%.

Nathan’s Famous Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Tuesday, February 18th. Nathan’s Famous’s dividend payout ratio is presently 34.48%.

Hedge Funds Weigh In On Nathan’s Famous

Several large investors have recently modified their holdings of NATH. Royce & Associates LP increased its holdings in Nathan’s Famous by 48.1% in the 3rd quarter. Royce & Associates LP now owns 120,677 shares of the restaurant operator’s stock worth $9,763,000 after buying an additional 39,193 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Nathan’s Famous in the 4th quarter worth about $904,000. Crawford Fund Management LLC increased its holdings 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 buying an additional 10,350 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Nathan’s Famous by 164.1% in the 4th quarter. JPMorgan Chase & Co. now owns 12,527 shares of the restaurant operator’s stock worth $985,000 after buying an additional 7,783 shares in the last quarter. Finally, Ellsworth Advisors LLC bought a new stake in Nathan’s Famous in the 4th quarter worth about $589,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Nathan’s Famous Company Profile

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.