Nathan’s Famous (NASDAQ:NATH) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Nathan’s Famous (NASDAQ:NATHGet Rating) from a buy rating to a strong-buy rating in a research report released on Saturday morning.

Nathan’s Famous Trading Up 0.1 %

NATH opened at $64.23 on Friday. The stock has a market cap of $262.06 million, a price-to-earnings ratio of 17.65 and a beta of 0.21. Nathan’s Famous has a 1 year low of $45.50 and a 1 year high of $67.37. The stock has a fifty day moving average price of $59.12 and a 200 day moving average price of $54.82.

Nathan’s Famous (NASDAQ:NATHGet Rating) last announced its quarterly earnings results on Friday, August 5th. The restaurant operator reported $1.74 earnings per share for the quarter. Nathan’s Famous had a negative return on equity of 27.59% and a net margin of 12.14%. The company had revenue of $39.72 million during the quarter.

Nathan’s Famous Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Monday, August 22nd were given a $0.45 dividend. The ex-dividend date was Friday, August 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.80%. Nathan’s Famous’s dividend payout ratio is currently 49.45%.

Institutional Trading of Nathan’s Famous

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG lifted its position in shares of Nathan’s Famous by 38.5% in the second quarter. UBS Group AG now owns 630 shares of the restaurant operator’s stock worth $36,000 after buying an additional 175 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Nathan’s Famous by 217.9% in the second quarter. BNP Paribas Arbitrage SA now owns 941 shares of the restaurant operator’s stock worth $55,000 after buying an additional 645 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Nathan’s Famous during the 1st quarter worth about $231,000. Hsbc Holdings PLC acquired a new position in shares of Nathan’s Famous during the 1st quarter worth about $325,000. Finally, Raymond James & Associates lifted its position in shares of Nathan’s Famous by 3.1% during the 1st quarter. Raymond James & Associates now owns 10,291 shares of the restaurant operator’s stock worth $557,000 after purchasing an additional 312 shares during the last quarter. Institutional investors and hedge funds own 37.99% of the company’s stock.

About Nathan’s Famous

(Get Rating)

Nathan's Famous, Inc, together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.

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