Nathan's Famous (NASDAQ:NATH - Get Free Report) was upgraded by investment analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued on Wednesday.
Nathan's Famous Stock Performance
Shares of NASDAQ NATH traded down $1.09 during midday trading on Wednesday, hitting $96.29. 7,680 shares of the company traded hands, compared to its average volume of 8,967. Nathan's Famous has a 12-month low of $64.02 and a 12-month high of $104.96. The firm has a market cap of $393.71 million, a P/E ratio of 16.60 and a beta of 0.15. The stock has a 50-day moving average price of $86.36 and a 200 day moving average price of $83.86.
Nathan's Famous (NASDAQ:NATH - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $1.10 earnings per share for the quarter. Nathan's Famous had a negative return on equity of 96.05% and a net margin of 16.19%.
Institutional Trading of Nathan's Famous
Several institutional investors have recently added to or reduced their stakes in 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 shares of Nathan's Famous in the fourth quarter worth approximately $904,000. Crawford Fund Management LLC grew its stake in shares of Nathan's Famous by 11.9% in the third quarter. Crawford Fund Management LLC now owns 97,660 shares of the restaurant operator's stock worth $7,901,000 after acquiring an additional 10,350 shares during the period. JPMorgan Chase & Co. grew its position 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 purchasing an additional 7,783 shares during the period. Finally, Ellsworth Advisors LLC purchased a new stake in Nathan's Famous during the 4th quarter valued at $589,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.
About Nathan's Famous
(
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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