Nathan’s Famous (NASDAQ:NATH) Stock Bumped Up to Hold by Wall Street Zen

Wall Street Zen upgraded shares of Nathan’s Famous (NASDAQ:NATH) to a hold rating in a report issued on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Nathan’s Famous in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

Nathan’s Famous Trading Up 7.7%

Shares of Nathan’s Famous stock opened at $101.55 on Friday. The firm has a market capitalization of $416.15 million, a P/E ratio of 21.02 and a beta of 0.28. The business has a fifty day simple moving average of $97.91 and a two-hundred day simple moving average of $99.91. Nathan’s Famous has a 12 month low of $88.67 and a 12 month high of $113.86.

Nathan’s Famous (NASDAQ:NATH) last announced its earnings results on Friday, August 7th. The restaurant operator reported $2.14 EPS for the quarter. The firm had revenue of $54.06 million for the quarter. Nathan’s Famous had a net margin of 11.78% and a negative return on equity of 187.25%.

Institutional Investors Weigh In On Nathan’s Famous

Several large investors have recently bought and sold shares of NATH. Legal & General Group Plc bought a new position in Nathan’s Famous during the 2nd quarter valued at about $28,000. Bank of New York Mellon Corp boosted its holdings in shares of Nathan’s Famous by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 28,852 shares of the restaurant operator’s stock valued at $2,906,000 after acquiring an additional 476 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new stake in shares of Nathan’s Famous in the second quarter worth approximately $153,000. Callan Family Office LLC bought a new stake in shares of Nathan’s Famous in the second quarter worth approximately $216,000. Finally, CenterBook Partners LP grew its stake in shares of Nathan’s Famous by 6.8% in the fourth quarter. CenterBook Partners LP now owns 34,685 shares of the restaurant operator’s stock worth $3,245,000 after acquiring an additional 2,200 shares during the period. 66.54% of the stock is currently owned by institutional investors.

Nathan’s Famous Company Profile

Nathan’s Famous, Inc (NASDAQ:NATH) is a foodservice and consumer packaged foods company best known for its Nathan’s Famous hot dogs. The company operates and franchises restaurants and concession locations that serve hot dogs, hamburgers, fries, chicken products, beverages and other casual dining items under the Nathan’s Famous brand.

Founded by Nathan Handwerker in 1916 with a hot dog stand in Coney Island, Brooklyn, Nathan’s Famous has developed into a nationally recognized food brand.