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

Nathan’s Famous (NASDAQ:NATH) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.

Nathan’s Famous Trading Down 0.1 %

NASDAQ:NATH opened at $87.51 on Tuesday. The stock has a market capitalization of $357.04 million, a P/E ratio of 15.09 and a beta of 0.25. Nathan’s Famous has a 1 year low of $64.02 and a 1 year high of $94.97. The firm has a 50 day moving average of $81.32 and a 200-day moving average of $80.87.

Nathan’s Famous (NASDAQ:NATH) last issued its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $1.10 earnings per share (EPS) for the quarter. Nathan’s Famous had a negative return on equity of 89.20% and a net margin of 16.19%.

Hedge Funds Weigh In On Nathan’s Famous

Large investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC raised its position in Nathan’s Famous by 27.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,697 shares of the restaurant operator’s stock worth $291,000 after purchasing an additional 803 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Nathan’s Famous by 44.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 13,597 shares of the restaurant operator’s stock valued at $1,069,000 after buying an additional 4,195 shares during the period. JPMorgan Chase & Co. raised its position in shares of Nathan’s Famous by 164.1% during the fourth quarter. JPMorgan Chase & Co. now owns 12,527 shares of the restaurant operator’s stock worth $985,000 after acquiring an additional 7,783 shares during the last quarter. Royce & Associates LP lifted its stake in shares of Nathan’s Famous by 15.6% during the fourth quarter. Royce & Associates LP now owns 139,528 shares of the restaurant operator’s stock valued at $10,968,000 after acquiring an additional 18,851 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Nathan’s Famous during the fourth quarter valued at $904,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

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.