Nathan's Famous (NASDAQ:NATH) Rating Lowered to Hold at Wall Street Zen

Key Points

• Nathan's Famous has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, indicating potential caution among analysts regarding the stock's performance.
• The stock is currently trading down 2.0% with a twelve-month high of $118.50 and a low of $71.77, reflecting volatility in its market performance.
• Institutional investors and hedge funds own 66.54% of Nathan's Famous, showing notable interest and activity in the stock, including significant position increases by notable firms.

Wall Street Zen downgraded shares of Nathan's Famous (NASDAQ:NATH - Free Report) from a buy rating to a hold rating in a report released on Saturday.

Nathan's Famous Price Performance

Shares of NASDAQ:NATH traded up $1.20 during midday trading on Friday, hitting $103.33. The company had a trading volume of 6,284 shares, compared to its average volume of 31,316. The company has a market cap of $422.63 million, a price-to-earnings ratio of 17.97 and a beta of 0.38. Nathan's Famous has a 12-month low of $72.49 and a 12-month high of $118.50. The company has a fifty day moving average of $105.81 and a two-hundred day moving average of $99.30.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The restaurant operator reported $2.16 earnings per share (EPS) for the quarter. Nathan's Famous had a negative return on equity of 143.21% and a net margin of 15.74%. The business had revenue of $47.00 million during the quarter.

Nathan's Famous Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 25th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, August 25th. Nathan's Famous's dividend payout ratio is presently 34.72%.

Institutional Investors Weigh In On Nathan's Famous

A number of institutional investors have recently bought and sold shares of the business. CWM LLC increased its stake in Nathan's Famous by 34.1% in the 1st quarter. CWM LLC now owns 822 shares of the restaurant operator's stock worth $79,000 after buying an additional 209 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Nathan's Famous by 6.8% during the 1st quarter. Rhumbline Advisers now owns 4,171 shares of the restaurant operator's stock valued at $402,000 after purchasing an additional 267 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Nathan's Famous by 142.0% during the 2nd quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator's stock valued at $77,000 after purchasing an additional 406 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Nathan's Famous by 1.6% during the 4th quarter. Northern Trust Corp now owns 27,011 shares of the restaurant operator's stock valued at $2,123,000 after purchasing an additional 426 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Nathan's Famous by 4.5% during the 1st quarter. Russell Investments Group Ltd. now owns 10,120 shares of the restaurant operator's stock valued at $975,000 after purchasing an additional 432 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company's stock.

About Nathan's Famous

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.