Nathan’s Famous (NASDAQ:NATH) Cut to Buy at 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 report released on Monday.

Nathan’s Famous Stock Performance

Shares of Nathan’s Famous stock traded up $0.06 during midday trading on Monday, hitting $90.61. The company had a trading volume of 9,063 shares, compared to its average volume of 9,746. The company has a 50 day moving average of $93.53 and a 200 day moving average of $86.67. The stock has a market capitalization of $370.50 million, a P/E ratio of 15.62 and a beta of 0.21. 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 announced 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 net margin of 16.19% and a negative return on equity of 96.05%.

Institutional Trading of Nathan’s Famous

Several institutional investors have recently added to or reduced their stakes in NATH. SG Americas Securities LLC purchased a new position in shares of Nathan’s Famous in the fourth quarter worth $109,000. GAMMA Investing LLC grew its stake in shares of Nathan’s Famous by 9,031.6% in the first quarter. GAMMA Investing LLC now owns 1,735 shares of the restaurant operator’s stock worth $167,000 after acquiring an additional 1,716 shares during the period. AdvisorShares Investments LLC bought a new position in Nathan’s Famous during the fourth quarter valued at approximately $149,000. Wells Fargo & Company MN boosted its holdings in Nathan’s Famous by 45.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,056 shares of the restaurant operator’s stock worth $162,000 after purchasing an additional 639 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Nathan’s Famous by 30.8% in the 4th quarter. Bank of America Corp DE now owns 2,820 shares of the restaurant operator’s stock worth $222,000 after purchasing an additional 664 shares during the period. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

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.