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 note released on Saturday.

Nathan’s Famous Trading Up 1.5 %

Shares of Nathan’s Famous stock opened at $82.16 on Friday. The company has a fifty day moving average price of $81.66 and a 200 day moving average price of $80.30. Nathan’s Famous has a twelve month low of $63.01 and a twelve month high of $94.97. The stock has a market cap of $335.62 million, a price-to-earnings ratio of 15.39 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 for the quarter. The firm had revenue of $41.11 million during the quarter. Nathan’s Famous had a net margin of 15.18% and a negative return on equity of 76.12%.

Nathan’s Famous Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $2.00 annualized dividend and a dividend yield of 2.43%. Nathan’s Famous’s payout ratio is 37.45%.

Hedge Funds Weigh In On Nathan’s Famous

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in shares of Nathan’s Famous during the fourth quarter worth about $109,000. GSA Capital Partners LLP acquired a new stake in Nathan’s Famous during the third quarter worth about $309,000. Barclays PLC raised its stake in Nathan’s Famous by 271.3% during the third quarter. Barclays PLC now owns 4,084 shares of the restaurant operator’s stock worth $330,000 after acquiring an additional 2,984 shares during the period. Seizert Capital Partners LLC raised its stake in Nathan’s Famous by 21.6% during the third quarter. Seizert Capital Partners LLC now owns 4,624 shares of the restaurant operator’s stock worth $374,000 after acquiring an additional 821 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Nathan’s Famous by 125.5% during the third quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator’s stock worth $384,000 after acquiring an additional 2,640 shares during the period. 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.