StockNews.com downgraded shares of Nathan's Famous (NASDAQ:NATH - Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday morning.
Nathan's Famous Trading Up 0.3 %
NATH stock traded up $0.28 during midday trading on Tuesday, reaching $101.91. The company had a trading volume of 12,866 shares, compared to its average volume of 8,927. The company has a market capitalization of $416.71 million, a P/E ratio of 17.57 and a beta of 0.25. The company has a 50 day moving average of $85.22 and a two-hundred day moving average of $83.26. Nathan's Famous has a 1 year low of $64.02 and a 1 year high of $104.96.
Nathan's Famous (NASDAQ:NATH - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The restaurant operator reported $1.10 earnings per share for the quarter. Nathan's Famous had a net margin of 16.19% and a negative return on equity of 96.05%.
Nathan's Famous Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a $0.50 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a yield of 1.96%. Nathan's Famous's payout ratio is presently 34.48%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of NATH. Janney Montgomery Scott LLC grew its stake in Nathan's Famous by 2.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,234 shares of the restaurant operator's stock valued at $909,000 after buying an additional 310 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Nathan's Famous in the 3rd quarter worth $309,000. Royce & Associates LP grew its position 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 purchasing an additional 39,193 shares during the last quarter. Seizert Capital Partners LLC grew its position in Nathan's Famous by 21.6% in the 3rd quarter. Seizert Capital Partners LLC now owns 4,624 shares of the restaurant operator's stock worth $374,000 after purchasing an additional 821 shares during the last quarter. Finally, Crawford Fund Management LLC grew its position 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 purchasing an additional 10,350 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.
About Nathan's Famous
(
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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.
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