Nathan’s Famous (NASDAQ:NATH) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Nathan’s Famous (NASDAQ:NATH) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday morning.

Nathan’s Famous Price Performance

Shares of Nathan’s Famous stock opened at $87.60 on Tuesday. Nathan’s Famous has a fifty-two week low of $64.02 and a fifty-two week high of $94.97. The firm has a market capitalization of $358.20 million, a P/E ratio of 15.10 and a beta of 0.25. The company’s 50 day moving average price is $81.30 and its two-hundred day moving average price is $80.77.

Nathan’s Famous (NASDAQ:NATH) last released its quarterly 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 89.20%.

Nathan’s Famous Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Tuesday, February 18th. Nathan’s Famous’s payout ratio is currently 34.48%.

Hedge Funds Weigh In On Nathan’s Famous

Large investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in shares of Nathan’s Famous during the fourth quarter valued at $109,000. GSA Capital Partners LLP bought a new position in shares of Nathan’s Famous during the third quarter valued at $309,000. Barclays PLC raised its stake in Nathan’s Famous by 271.3% during the third quarter. Barclays PLC now owns 4,084 shares of the restaurant operator’s stock worth $330,000 after buying an additional 2,984 shares during the last quarter. Seizert Capital Partners LLC raised its stake in Nathan’s Famous by 21.6% during the third quarter. Seizert Capital Partners LLC now owns 4,624 shares of the restaurant operator’s stock worth $374,000 after buying an additional 821 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in 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 buying an additional 2,640 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

About Nathan’s Famous

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.