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

Nathan’s Famous (NASDAQ:NATH) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Nathan’s Famous Stock Up 0.7 %

NASDAQ NATH traded up $0.66 on Tuesday, reaching $100.79. The company had a trading volume of 13,155 shares, compared to its average volume of 12,304. The stock’s 50 day moving average is $83.58 and its 200-day moving average is $82.57. The stock has a market cap of $412.13 million, a price-to-earnings ratio of 17.38 and a beta of 0.25. Nathan’s Famous has a 52 week low of $64.02 and a 52 week high of $103.30.

Nathan’s Famous (NASDAQ:NATH) last posted its earnings results on Thursday, February 6th. The restaurant operator reported $1.10 earnings per share (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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NATH. Janney Montgomery Scott LLC grew its stake in Nathan’s Famous by 2.8% in the third quarter. Janney Montgomery Scott LLC now owns 11,234 shares of the restaurant operator’s stock valued at $909,000 after acquiring an additional 310 shares during the period. GSA Capital Partners LLP acquired a new position in Nathan’s Famous in the third quarter valued at about $309,000. Royce & Associates LP grew its stake in Nathan’s Famous by 48.1% in the third quarter. Royce & Associates LP now owns 120,677 shares of the restaurant operator’s stock valued at $9,763,000 after acquiring an additional 39,193 shares during the period. Seizert Capital Partners LLC grew its stake in Nathan’s Famous by 21.6% in the third quarter. Seizert Capital Partners LLC now owns 4,624 shares of the restaurant operator’s stock valued at $374,000 after acquiring an additional 821 shares during the period. Finally, Crawford Fund Management LLC grew its stake in Nathan’s Famous by 11.9% in 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 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.