Nathan’s Famous (NASDAQ:NATH) Stock Rating Upgraded by 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 published on Wednesday.

Nathan’s Famous Stock Down 1.4 %

Nathan’s Famous stock opened at $97.37 on Wednesday. The business has a 50-day simple moving average of $86.36 and a two-hundred day simple moving average of $83.86. The company has a market cap of $398.15 million, a P/E ratio of 16.79 and a beta of 0.15. Nathan’s Famous has a 52-week low of $64.02 and a 52-week high of $104.96.

Nathan’s Famous (NASDAQ:NATH) last released its quarterly earnings results on Thursday, February 6th. The restaurant operator reported $1.10 earnings per share (EPS) for the quarter. Nathan’s Famous had a negative return on equity of 96.05% and a net margin of 16.19%.

Nathan’s Famous Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.05%. Nathan’s Famous’s dividend payout ratio is currently 34.48%.

Institutional Investors Weigh In On Nathan’s Famous

A number of large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in shares of Nathan’s Famous during the 4th quarter valued at approximately $397,000. Geode Capital Management LLC grew its stake in shares of Nathan’s Famous by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 63,252 shares of the restaurant operator’s stock valued at $5,118,000 after acquiring an additional 2,011 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Nathan’s Famous by 125.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator’s stock valued at $384,000 after acquiring an additional 2,640 shares during the period. Crawford Fund Management LLC grew its stake in shares of Nathan’s Famous by 11.9% during the 3rd quarter. Crawford Fund Management LLC now owns 97,660 shares of the restaurant operator’s stock valued at $7,901,000 after acquiring an additional 10,350 shares during the period. Finally, Ellsworth Advisors LLC bought a new position in shares of Nathan’s Famous during the 4th quarter valued at approximately $589,000. 66.54% of the stock is currently owned by institutional investors.

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.