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

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

Nathan’s Famous Trading Up 0.8 %

Shares of NASDAQ:NATH traded up $0.61 during midday trading on Friday, hitting $79.78. 9,348 shares of the stock were exchanged, compared to its average volume of 9,357. Nathan’s Famous has a twelve month low of $63.01 and a twelve month high of $94.97. The company has a 50 day moving average price of $81.98 and a 200-day moving average price of $79.73. The stock has a market cap of $325.50 million, a P/E ratio of 14.94 and a beta of 0.25.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings results on Thursday, November 7th. The restaurant operator reported $1.47 earnings per share (EPS) for the quarter. Nathan’s Famous had a net margin of 15.18% and a negative return on equity of 76.12%. The company had revenue of $41.11 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Nathan’s Famous in the 4th quarter valued at $109,000. Ellsworth Advisors LLC purchased a new position in Nathan’s Famous during the fourth quarter worth about $589,000. Annex Advisory Services LLC boosted its stake in Nathan’s Famous by 21.9% in the 4th quarter. Annex Advisory Services LLC now owns 17,953 shares of the restaurant operator’s stock worth $1,411,000 after buying an additional 3,221 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Nathan’s Famous by 125.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator’s stock valued at $384,000 after buying an additional 2,640 shares during the period. Finally, Barclays PLC increased its stake in shares of Nathan’s Famous by 271.3% during the 3rd quarter. Barclays PLC now owns 4,084 shares of the restaurant operator’s stock valued at $330,000 after acquiring an additional 2,984 shares during the last quarter. Institutional investors and hedge funds 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.