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

Nathan’s Famous (NASDAQ:NATH) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Friday.

Nathan’s Famous Stock Up 0.8 %

Shares of Nathan’s Famous stock traded up $0.61 during trading hours on Friday, hitting $79.78. The company’s stock had a trading volume of 9,348 shares, compared to its average volume of 9,357. The company has a market capitalization of $325.50 million, a PE ratio of 14.94 and a beta of 0.25. The business has a fifty day moving average of $81.98 and a 200 day moving average of $79.73. Nathan’s Famous has a 1-year low of $63.01 and a 1-year high of $94.97.

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. The firm had revenue of $41.11 million during the quarter. Nathan’s Famous had a negative return on equity of 76.12% and a net margin of 15.18%.

Institutional Investors Weigh In On Nathan’s Famous

A number of large investors have recently added to or reduced their stakes in NATH. SG Americas Securities LLC acquired a new position in Nathan’s Famous in the 4th quarter worth $109,000. Ellsworth Advisors LLC purchased a new position in shares of Nathan’s Famous during the 4th quarter valued at approximately $589,000. Annex Advisory Services LLC grew its position in shares of Nathan’s Famous by 21.9% during the fourth quarter. Annex Advisory Services LLC now owns 17,953 shares of the restaurant operator’s stock worth $1,411,000 after buying an additional 3,221 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Nathan’s Famous by 125.5% in 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. Finally, Barclays PLC raised its holdings 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. 66.54% of the stock is owned by institutional investors and hedge funds.

Nathan’s Famous Company Profile

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.