StockNews.com cut shares of Nathan's Famous (NASDAQ:NATH - Free Report) from a strong-buy rating to a buy rating in a report released on Friday morning.
Nathan's Famous Trading Up 0.9 %
NATH stock traded up $0.92 during trading hours on Friday, hitting $98.00. 2,488 shares of the stock were exchanged, compared to its average volume of 9,983. The firm has a market capitalization of $400.72 million, a P/E ratio of 16.90 and a beta of 0.21. The company has a 50-day simple moving average of $95.74 and a two-hundred day simple moving average of $87.79. Nathan's Famous has a 12 month low of $64.02 and a 12 month high of $104.96.
Nathan's Famous (NASDAQ:NATH - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The restaurant operator reported $1.10 earnings per share for the quarter. Nathan's Famous had a net margin of 16.19% and a negative return on equity of 96.05%.
Nathan's Famous Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Tuesday, February 18th. Nathan's Famous's dividend payout ratio (DPR) is currently 34.48%.
Hedge Funds Weigh In On Nathan's Famous
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC acquired a new position in Nathan's Famous in the 1st quarter valued at approximately $257,000. Ritholtz Wealth Management bought a new stake in Nathan's Famous during the 1st quarter valued at $363,000. SG Americas Securities LLC raised its holdings in Nathan's Famous by 152.4% during the 1st quarter. SG Americas Securities LLC now owns 3,503 shares of the restaurant operator's stock valued at $338,000 after acquiring an additional 2,115 shares during the period. Annex Advisory Services LLC increased its holdings in shares of Nathan's Famous by 18.6% in the first quarter. Annex Advisory Services LLC now owns 21,284 shares of the restaurant operator's stock worth $2,051,000 after purchasing an additional 3,331 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of Nathan's Famous by 6.8% in the first quarter. Rhumbline Advisers now owns 4,171 shares of the restaurant operator's stock worth $402,000 after purchasing an additional 267 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.
About Nathan's Famous
(
Get Free Report)
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.
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