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

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

Nathan’s Famous Price Performance

Shares of NATH stock opened at $101.63 on Tuesday. Nathan’s Famous has a one year low of $64.02 and a one year high of $104.96. The company’s fifty day moving average price is $84.77 and its 200-day moving average price is $83.05. The company has a market capitalization of $415.57 million, a price-to-earnings ratio of 17.52 and a beta of 0.25.

Nathan’s Famous (NASDAQ:NATH) last posted 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%.

Nathan’s Famous Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Tuesday, February 18th. Nathan’s Famous’s dividend payout ratio (DPR) is currently 34.48%.

Hedge Funds Weigh In On Nathan’s Famous

Several hedge funds have recently modified their holdings of NATH. SG Americas Securities LLC bought a new stake in Nathan’s Famous in the 4th quarter valued at $109,000. AdvisorShares Investments LLC purchased a new position in shares of Nathan’s Famous during the fourth quarter valued at about $149,000. Wells Fargo & Company MN increased its holdings in shares of 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 worth $162,000 after purchasing an additional 639 shares during the last quarter. Bank of America Corp DE lifted its position in shares of 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 worth $222,000 after buying an additional 664 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in Nathan’s Famous by 27.7% during 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 last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

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.