Nathan’s Famous (NASDAQ:NATH) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings reiterated 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.com, the company presently has a consensus rating of “Buy”.

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Nathan’s Famous Price Performance

Shares of NASDAQ NATH opened at $101.48 on Friday. Nathan’s Famous has a 1-year low of $88.67 and a 1-year high of $113.86. The company has a market capitalization of $416.07 million, a price-to-earnings ratio of 21.01 and a beta of 0.28. The business has a 50-day moving average of $97.99 and a 200-day moving average of $99.91.

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

Institutional Trading of Nathan’s Famous

Several institutional investors and hedge funds have recently bought and sold shares of NATH. Legal & General Group Plc bought a new stake in shares of Nathan’s Famous in the 2nd quarter valued at approximately $28,000. Longfellow Investment Management Co. LLC acquired a new position in Nathan’s Famous in the second quarter worth $153,000. Callan Family Office LLC acquired a new position in Nathan’s Famous in the second quarter worth $216,000. PenderFund Capital Management Ltd. bought a new stake in Nathan’s Famous during the second quarter valued at $254,000. Finally, Deutsche Bank AG acquired a new stake in shares of Nathan’s Famous during the second quarter worth $293,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Nathan’s Famous Company Profile

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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.

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