Nathan’s Famous (NASDAQ:NATH) Lowered to Buy Rating by StockNews.com

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

Nathan’s Famous Price Performance

Nathan’s Famous stock opened at $91.40 on Monday. The company has a market cap of $373.73 million, a price-to-earnings ratio of 15.76 and a beta of 0.21. Nathan’s Famous has a 12 month low of $64.02 and a 12 month high of $104.96. The stock’s 50-day moving average is $93.92 and its 200-day moving average is $86.80.

Nathan’s Famous (NASDAQ:NATH) last posted its earnings results 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%.

Institutional Trading of Nathan’s Famous

A number of large investors have recently modified their holdings of NATH. Royce & Associates LP increased its stake in shares of Nathan’s Famous by 15.6% in the fourth 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 period. Raymond James Financial Inc. acquired a new position in shares of Nathan’s Famous during the fourth quarter valued at $904,000. JPMorgan Chase & Co. raised its stake in shares of Nathan’s Famous by 164.1% during the fourth quarter. JPMorgan Chase & Co. now owns 12,527 shares of the restaurant operator’s stock valued at $985,000 after purchasing an additional 7,783 shares in the last quarter. Ellsworth Advisors LLC acquired a new stake in Nathan’s Famous in the fourth quarter worth about $589,000. Finally, Citadel Advisors LLC grew its position in Nathan’s Famous by 187.2% in the 4th quarter. Citadel Advisors LLC now owns 10,088 shares of the restaurant operator’s stock valued at $793,000 after buying an additional 6,575 shares in 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.