StockNews.com upgraded shares of Nathan's Famous (NASDAQ:NATH - Free Report) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday.
Nathan's Famous Stock Performance
NATH stock traded down $1.80 during trading on Tuesday, hitting $98.70. The stock had a trading volume of 37,874 shares, compared to its average volume of 12,272. The company's 50 day moving average price is $81.60 and its two-hundred day moving average price is $81.05. Nathan's Famous has a 1-year low of $64.02 and a 1-year high of $102.50. The stock has a market cap of $402.70 million, a price-to-earnings ratio of 17.02 and a beta of 0.25.
Nathan's Famous (NASDAQ:NATH - Get Free Report) last announced its 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 89.20%.
Nathan's Famous Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.03%. The ex-dividend date is Tuesday, February 18th. Nathan's Famous's payout ratio is 34.48%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of NATH. Royce & Associates LP grew its holdings in Nathan's Famous by 15.6% in the fourth quarter. Royce & Associates LP now owns 139,528 shares of the restaurant operator's stock valued at $10,968,000 after purchasing an additional 18,851 shares during the period. Crawford Fund Management LLC boosted its holdings in shares of 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 valued at $7,901,000 after purchasing an additional 10,350 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Nathan's Famous by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 63,252 shares of the restaurant operator's stock valued at $5,118,000 after purchasing an additional 2,011 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Nathan's Famous by 1.6% in the 4th quarter. Northern Trust Corp now owns 27,011 shares of the restaurant operator's stock valued at $2,123,000 after purchasing an additional 426 shares during the last quarter. Finally, Annex Advisory Services LLC boosted its holdings in shares of Nathan's Famous by 21.9% in the 4th quarter. Annex Advisory Services LLC now owns 17,953 shares of the restaurant operator's stock valued at $1,411,000 after purchasing an additional 3,221 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.
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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