Nathan’s Famous (NASDAQ:NATH) Upgraded at StockNews.com

StockNews.com upgraded shares of Nathan’s Famous (NASDAQ:NATH) from a buy rating to a strong-buy rating in a research report released on Wednesday.

Nathan’s Famous Price Performance

Shares of NASDAQ:NATH opened at $97.96 on Wednesday. The company has a market cap of $400.56 million, a price-to-earnings ratio of 16.89 and a beta of 0.15. The firm has a 50 day simple moving average of $87.08 and a 200 day simple moving average of $84.11. Nathan’s Famous has a one year low of $64.02 and a one year high of $104.96.

Nathan’s Famous (NASDAQ:NATH) last issued 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Tuesday, February 18th. Nathan’s Famous’s payout ratio is currently 34.48%.

Hedge Funds Weigh In On Nathan’s Famous

Large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new position in shares of Nathan’s Famous during the fourth quarter valued at $397,000. Geode Capital Management LLC raised its stake in shares of Nathan’s Famous by 3.3% during the third quarter. Geode Capital Management LLC now owns 63,252 shares of the restaurant operator’s stock valued at $5,118,000 after acquiring an additional 2,011 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Nathan’s Famous by 125.5% during the third quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator’s stock valued at $384,000 after acquiring an additional 2,640 shares during the last quarter. Crawford Fund Management LLC raised its stake in shares of Nathan’s Famous by 11.9% during the third quarter. Crawford Fund Management LLC now owns 97,660 shares of the restaurant operator’s stock valued at $7,901,000 after acquiring an additional 10,350 shares during the last quarter. Finally, Ellsworth Advisors LLC bought a new position in shares of Nathan’s Famous during the fourth quarter valued at $589,000. Institutional investors own 66.54% of the company’s stock.

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.