Nathan’s Famous (NASDAQ:NATH) Rating Lowered to “Buy” at Wall Street Zen

Wall Street Zen cut shares of Nathan’s Famous (NASDAQ:NATH) from a strong-buy rating to a buy rating in a research report report published on Saturday.

Nathan’s Famous Stock Performance

Nathan’s Famous stock opened at $110.60 on Friday. Nathan’s Famous has a one year low of $66.35 and a one year high of $118.50. The business has a fifty day moving average of $101.30 and a two-hundred day moving average of $92.64. The company has a market cap of $452.24 million, a P/E ratio of 19.07 and a beta of 0.35.

Nathan’s Famous (NASDAQ:NATH) last posted its quarterly earnings results on Tuesday, June 10th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter. Nathan’s Famous had a net margin of 16.19% and a negative return on equity of 96.05%. The company had revenue of $30.79 million during the quarter.

Nathan’s Famous Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 23rd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Monday, June 23rd. Nathan’s Famous’s payout ratio is currently 34.07%.

Hedge Funds Weigh In On Nathan’s Famous

A number of institutional investors have recently made changes to their positions in NATH. Royce & Associates LP raised its stake in Nathan’s Famous by 15.6% in the 4th quarter. Royce & Associates LP now owns 139,528 shares of the restaurant operator’s stock valued at $10,968,000 after purchasing an additional 18,851 shares during the last quarter. Northern Trust Corp raised its position in shares of Nathan’s Famous by 1.6% in the fourth quarter. Northern Trust Corp now owns 27,011 shares of the restaurant operator’s stock valued at $2,123,000 after buying an additional 426 shares during the last quarter. Annex Advisory Services LLC raised its holdings in Nathan’s Famous by 18.6% in the 1st quarter. Annex Advisory Services LLC now owns 21,284 shares of the restaurant operator’s stock valued at $2,051,000 after acquiring an additional 3,331 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Nathan’s Famous by 44.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 13,597 shares of the restaurant operator’s stock valued at $1,069,000 after acquiring an additional 4,195 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Nathan’s Famous by 9.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 13,451 shares of the restaurant operator’s stock valued at $1,296,000 after acquiring an additional 1,210 shares during the last quarter. 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.