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 issued to investors on Saturday morning.

Nathan’s Famous Stock Performance

NATH opened at $82.16 on Friday. The business’s 50-day simple moving average is $81.66 and its 200-day simple moving average is $80.30. Nathan’s Famous has a one year low of $63.01 and a one year high of $94.97. The stock has a market capitalization of $335.62 million, a P/E ratio of 15.39 and a beta of 0.25.

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

Nathan’s Famous Announces Dividend

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

Hedge Funds Weigh In On Nathan’s Famous

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Royce & Associates LP grew its holdings in shares of Nathan’s Famous by 48.1% during the third quarter. Royce & Associates LP now owns 120,677 shares of the restaurant operator’s stock worth $9,763,000 after buying an additional 39,193 shares during the last quarter. Crawford Fund Management LLC grew its holdings in shares of Nathan’s Famous by 11.9% during the third quarter. Crawford Fund Management LLC now owns 97,660 shares of the restaurant operator’s stock worth $7,901,000 after buying an additional 10,350 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Nathan’s Famous by 3.3% during the third quarter. Geode Capital Management LLC now owns 63,252 shares of the restaurant operator’s stock worth $5,118,000 after buying an additional 2,011 shares during the last quarter. Annex Advisory Services LLC grew its holdings in shares of Nathan’s Famous by 21.9% during the fourth 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. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Nathan’s Famous by 2.8% during the third quarter. Janney Montgomery Scott LLC now owns 11,234 shares of the restaurant operator’s stock worth $909,000 after buying an additional 310 shares during the last quarter. Hedge funds and other 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.