Nathan's Famous (NASDAQ:NATH) Cut to Buy at Wall Street Zen

Nathan's Famous (NASDAQ:NATH - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Saturday.

Nathan's Famous Stock Up 0.4%

NASDAQ:NATH traded up $0.48 during trading hours on Friday, hitting $111.08. 88,450 shares of the stock were exchanged, compared to its average volume of 15,108. The company's 50 day moving average is $101.63 and its two-hundred day moving average is $92.76. Nathan's Famous has a twelve month low of $66.35 and a twelve month high of $118.50. The company has a market capitalization of $454.32 million, a P/E ratio of 18.92 and a beta of 0.35.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last posted its quarterly earnings data on Tuesday, June 10th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter. Nathan's Famous had a negative return on equity of 116.79% and a net margin of 16.21%. The firm had revenue of $30.79 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NATH. Allspring Global Investments Holdings LLC acquired a new position in shares of Nathan's Famous in the 4th quarter valued at $397,000. Raymond James Financial Inc. acquired a new position in shares of Nathan's Famous in the 4th quarter valued at $904,000. Royce & Associates LP lifted its stake in shares of Nathan's Famous by 15.6% in the 4th quarter. Royce & Associates LP now owns 139,528 shares of the restaurant operator's stock valued at $10,968,000 after purchasing an additional 18,851 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Nathan's Famous by 164.1% in the 4th quarter. JPMorgan Chase & Co. now owns 12,527 shares of the restaurant operator's stock valued at $985,000 after purchasing an additional 7,783 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Nathan's Famous by 44.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 13,597 shares of the restaurant operator's stock valued at $1,069,000 after purchasing an additional 4,195 shares during the period. Institutional investors and hedge funds own 66.54% of the company's stock.

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.