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 released on Saturday morning.
Nathan's Famous Stock Up 0.7 %
NASDAQ:NATH traded up $0.54 during mid-day trading on Friday, reaching $82.70. The company's stock had a trading volume of 5,136 shares, compared to its average volume of 8,806. The firm has a market capitalization of $337.42 million, a PE ratio of 15.49 and a beta of 0.25. The stock has a fifty day moving average of $81.61 and a 200-day moving average of $80.36. Nathan's Famous has a 1 year low of $63.01 and a 1 year high of $94.97.
Nathan's Famous (NASDAQ:NATH - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The restaurant operator reported $1.47 earnings per share (EPS) for the quarter. The firm had revenue of $41.11 million for the quarter. Nathan's Famous had a net margin of 15.18% and a negative return on equity of 76.12%.
Nathan's Famous Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Monday, November 25th. Nathan's Famous's dividend payout ratio (DPR) is currently 37.45%.
Hedge Funds Weigh In On Nathan's Famous
Several institutional investors and hedge funds have recently added to or reduced their stakes in NATH. SG Americas Securities LLC purchased a new stake in shares of Nathan's Famous during the fourth quarter valued at about $109,000. GSA Capital Partners LLP purchased a new stake in Nathan's Famous during the third quarter valued at approximately $309,000. Barclays PLC boosted its stake in Nathan's Famous by 271.3% in the third quarter. Barclays PLC now owns 4,084 shares of the restaurant operator's stock valued at $330,000 after acquiring an additional 2,984 shares in the last quarter. Seizert Capital Partners LLC grew its holdings in Nathan's Famous by 21.6% in the third 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, JPMorgan Chase & Co. increased its position in shares of Nathan's Famous by 125.5% during the third quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator's stock worth $384,000 after purchasing an additional 2,640 shares in the last quarter. Hedge funds and other institutional investors 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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