Nathan's Famous (NASDAQ:NATH - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Monday.
Nathan's Famous Price Performance
NASDAQ:NATH traded up $1.39 during midday trading on Monday, hitting $92.84. The company's stock had a trading volume of 6,227 shares, compared to its average volume of 9,833. Nathan's Famous has a fifty-two week low of $64.02 and a fifty-two week high of $104.96. The firm has a market cap of $379.62 million, a P/E ratio of 16.01 and a beta of 0.21. The firm's 50 day moving average is $94.85 and its 200-day moving average is $87.13.
Nathan's Famous (NASDAQ:NATH - Get Free Report) last issued its earnings results on Thursday, February 6th. The restaurant operator reported $1.10 earnings per share (EPS) for the quarter. Nathan's Famous had a net margin of 16.19% and a negative return on equity of 96.05%.
Institutional Investors Weigh In On Nathan's Famous
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Nathan's Famous in the 4th quarter worth about $109,000. GAMMA Investing LLC raised its stake in shares of Nathan's Famous by 9,031.6% during the 1st quarter. GAMMA Investing LLC now owns 1,735 shares of the restaurant operator's stock worth $167,000 after buying an additional 1,716 shares during the period. AdvisorShares Investments LLC purchased a new position in shares of Nathan's Famous during the 4th quarter valued at approximately $149,000. Wells Fargo & Company MN grew its stake in Nathan's Famous by 45.1% in the 4th quarter. Wells Fargo & Company MN now owns 2,056 shares of the restaurant operator's stock valued at $162,000 after acquiring an additional 639 shares during the period. Finally, Bank of America Corp DE increased its holdings in Nathan's Famous by 30.8% in the 4th quarter. Bank of America Corp DE now owns 2,820 shares of the restaurant operator's stock worth $222,000 after acquiring an additional 664 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.
Nathan's Famous Company Profile
(
Get Free Report)
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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