Nathan’s Famous (NATH) Upgraded at BidaskClub

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Nathan’s Famous (NASDAQ:NATH) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Separately, ValuEngine lowered shares of Nathan’s Famous from a “buy” rating to a “hold” rating in a report on Monday, September 24th.

NATH stock opened at $76.10 on Friday. Nathan’s Famous has a one year low of $60.35 and a one year high of $107.05. The company has a market capitalization of $306.99 million, a price-to-earnings ratio of 26.93 and a beta of 0.18.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings data on Friday, November 2nd. The restaurant operator reported $1.06 earnings per share for the quarter. The firm had revenue of $29.33 million during the quarter. Nathan’s Famous had a net margin of 5.78% and a negative return on equity of 13.87%.

In other news, Director Brian S. Genson sold 370 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $70.36, for a total value of $26,033.20. Following the completion of the sale, the director now directly owns 17,244 shares in the company, valued at approximately $1,213,287.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert J. Eide sold 7,362 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $69.87, for a total transaction of $514,382.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,832 shares of company stock valued at $620,166. Company insiders own 32.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings in shares of Nathan’s Famous by 7.9% in the 3rd quarter. Renaissance Technologies LLC now owns 263,700 shares of the restaurant operator’s stock worth $21,729,000 after acquiring an additional 19,285 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in Nathan’s Famous by 1.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 242,132 shares of the restaurant operator’s stock valued at $19,952,000 after buying an additional 3,346 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Nathan’s Famous by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 217,803 shares of the restaurant operator’s stock valued at $17,947,000 after buying an additional 3,422 shares during the last quarter. BlackRock Inc. raised its holdings in Nathan’s Famous by 1.3% during the 3rd quarter. BlackRock Inc. now owns 160,595 shares of the restaurant operator’s stock valued at $13,233,000 after buying an additional 1,984 shares during the last quarter. Finally, Waratah Capital Advisors Ltd. raised its holdings in Nathan’s Famous by 7.9% during the 3rd quarter. Waratah Capital Advisors Ltd. now owns 56,837 shares of the restaurant operator’s stock valued at $4,683,000 after buying an additional 4,169 shares during the last quarter. Hedge funds and other institutional investors own 41.77% of the company’s stock.

About Nathan’s Famous

Nathan's Famous, Inc, together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.

See Also: Certificate of Deposit (CD)

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