Nathan's Famous (NASDAQ:NATH) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Nathan’s Famous to a “hold” rating, while Weiss Ratings maintained a “buy (b-)” rating; the stock’s overall analyst consensus remains “Buy.”
• Nathan’s Famous shares opened at $101.55, with a market capitalization of $416.35 million and a 52-week range of $88.67 to $113.86. The company reported quarterly EPS of $2.14 on revenue of $54.06 million.
• Institutional investors increased their exposure to the company, with hedge funds and other institutions owning 66.54% of outstanding shares.

Nathan's Famous (NASDAQ:NATH - Get Free Report) was upgraded by investment analysts at Wall Street Zen to a "hold" rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reissued a "buy (b-)" rating on shares of Nathan's Famous in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy".

Nathan's Famous Stock Up 7.7%

NASDAQ:NATH opened at $101.55 on Friday. The stock has a market capitalization of $416.35 million, a price-to-earnings ratio of 21.02 and a beta of 0.28. Nathan's Famous has a 52 week low of $88.67 and a 52 week high of $113.86. The firm has a 50 day moving average of $97.91 and a 200 day moving average of $99.91.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The restaurant operator reported $2.14 earnings per share (EPS) for the quarter. The business 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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NATH. Squarepoint Ops LLC grew its holdings in shares of Nathan's Famous by 125.6% during the second quarter. Squarepoint Ops LLC now owns 12,564 shares of the restaurant operator's stock valued at $1,277,000 after buying an additional 6,996 shares during the last quarter. Hsbc Holdings PLC raised its stake in Nathan's Famous by 73.1% in the 2nd quarter. Hsbc Holdings PLC now owns 12,908 shares of the restaurant operator's stock worth $1,310,000 after acquiring an additional 5,450 shares during the last quarter. PenderFund Capital Management Ltd. purchased a new position in Nathan's Famous in the 2nd quarter worth $254,000. Bank of America Corp DE acquired a new stake in Nathan's Famous during the 2nd quarter worth about $1,197,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in Nathan's Famous during the 2nd quarter worth about $2,604,000. Hedge funds and other institutional investors own 66.54% of the company's stock.

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.

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