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

StockNews.com downgraded shares of Nathan’s Famous (NASDAQ:NATH) from a strong-buy rating to a buy rating in a research note released on Friday morning.

Nathan’s Famous Trading Up 0.3 %

NATH stock opened at $93.98 on Friday. Nathan’s Famous has a 1-year low of $64.02 and a 1-year high of $104.96. The business’s 50 day simple moving average is $95.69 and its 200 day simple moving average is $87.54. The firm has a market capitalization of $384.28 million, a PE ratio of 16.20 and a beta of 0.21.

Nathan’s Famous (NASDAQ:NATH) last released its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $1.10 EPS for the quarter. Nathan’s Famous had a net margin of 16.19% and a negative return on equity of 96.05%.

Nathan’s Famous Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Tuesday, February 18th. Nathan’s Famous’s dividend payout ratio is currently 34.48%.

Institutional Investors Weigh In On Nathan’s Famous

Several institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of Nathan’s Famous during the 4th quarter valued at $109,000. AdvisorShares Investments LLC acquired a new position in Nathan’s Famous in the fourth quarter valued at about $149,000. Wells Fargo & Company MN lifted its position in Nathan’s Famous by 45.1% during the fourth quarter. Wells Fargo & Company MN now owns 2,056 shares of the restaurant operator’s stock worth $162,000 after purchasing an additional 639 shares during the period. GAMMA Investing LLC grew its stake in Nathan’s Famous by 9,031.6% during the first quarter. GAMMA Investing LLC now owns 1,735 shares of the restaurant operator’s stock worth $167,000 after buying an additional 1,716 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Nathan’s Famous by 30.8% in the 4th quarter. Bank of America Corp DE now owns 2,820 shares of the restaurant operator’s stock valued at $222,000 after buying an additional 664 shares during the period. 66.54% of the stock is currently owned by institutional investors.

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.