Nathan’s Famous (NASDAQ:NATH) Cut to Buy at StockNews.com

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

Nathan’s Famous Trading Up 0.7 %

Shares of NATH stock traded up $0.66 on Tuesday, hitting $100.79. 13,155 shares of the stock were exchanged, compared to its average volume of 12,304. The firm has a market capitalization of $412.13 million, a P/E ratio of 17.38 and a beta of 0.25. The business has a 50-day moving average of $83.58 and a 200 day moving average of $82.57. Nathan’s Famous has a fifty-two week low of $64.02 and a fifty-two week high of $103.30.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in Nathan’s Famous during the fourth quarter valued at approximately $109,000. AdvisorShares Investments LLC acquired a new position in Nathan’s Famous during the fourth quarter valued at approximately $149,000. Wells Fargo & Company MN raised its stake in Nathan’s Famous by 45.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,056 shares of the restaurant operator’s stock valued at $162,000 after buying an additional 639 shares during the period. Bank of America Corp DE raised its stake in Nathan’s Famous by 30.8% in the fourth 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. Finally, O Shaughnessy Asset Management LLC raised its stake in Nathan’s Famous by 27.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,697 shares of the restaurant operator’s stock valued at $291,000 after buying an additional 803 shares during the period. 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.