Nathan’s Famous (NASDAQ:NATH) Downgraded by StockNews.com to “Buy”

StockNews.com cut shares of Nathan’s Famous (NASDAQ:NATH) from a strong-buy rating to a buy rating in a report published on Friday.

Nathan’s Famous Trading Up 0.8 %

Nathan’s Famous stock opened at $79.78 on Friday. Nathan’s Famous has a 12 month low of $63.01 and a 12 month high of $94.97. The company has a market capitalization of $325.50 million, a price-to-earnings ratio of 14.94 and a beta of 0.25. The business’s fifty day simple moving average is $81.98 and its two-hundred day simple moving average is $79.73.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings results on Thursday, November 7th. The restaurant operator reported $1.47 earnings per share (EPS) for the quarter. Nathan’s Famous had a net margin of 15.18% and a negative return on equity of 76.12%. The company had revenue of $41.11 million for the quarter.

Nathan’s Famous Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a $0.50 dividend. The ex-dividend date was Monday, November 25th. This represents a $2.00 dividend on an annualized basis and a yield of 2.51%. Nathan’s Famous’s payout ratio is currently 37.45%.

Institutional Trading of Nathan’s Famous

Several institutional investors have recently added to or reduced their stakes in NATH. Royce & Associates LP raised its stake in shares of Nathan’s Famous by 48.1% in the third quarter. Royce & Associates LP now owns 120,677 shares of the restaurant operator’s stock worth $9,763,000 after purchasing an additional 39,193 shares during the last quarter. Crawford Fund Management LLC increased its holdings in Nathan’s Famous by 11.9% in the 3rd quarter. Crawford Fund Management LLC now owns 97,660 shares of the restaurant operator’s stock worth $7,901,000 after buying an additional 10,350 shares in the last quarter. Ellsworth Advisors LLC purchased a new position in Nathan’s Famous in the 4th quarter worth about $589,000. GSA Capital Partners LLP bought a new position in Nathan’s Famous during the 3rd quarter valued at about $309,000. Finally, Annex Advisory Services LLC boosted its holdings in shares of Nathan’s Famous by 21.9% during the 4th quarter. Annex Advisory Services LLC now owns 17,953 shares of the restaurant operator’s stock valued at $1,411,000 after acquiring an additional 3,221 shares during the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

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.