Nathan's Famous (NASDAQ:NATH) Receives "Buy (B+)" Rating from Weiss Ratings

Key Points

• Nathan's Famous received a "Buy (B+)" rating from Weiss Ratings, reaffirming the stock’s positive outlook amidst recent fluctuations.
• In contrast, Wall Street Zen downgraded Nathan's Famous from a "buy" to a "hold" rating, illustrating mixed opinions among analysts.
• Recent trading showed Nathan's Famous shares down 2.2%, with a current market cap of $432.15 million and a price-to-earnings ratio of 18.34.

Nathan's Famous (NASDAQ:NATH - Get Free Report)'s stock had its "buy (b+)" rating reaffirmed by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of Nathan's Famous from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Nathan's Famous presently has a consensus rating of "Buy".

Nathan's Famous Trading Down 2.2%

Shares of NASDAQ NATH opened at $105.66 on Wednesday. Nathan's Famous has a 12 month low of $75.14 and a 12 month high of $118.50. The company has a 50 day simple moving average of $105.43 and a two-hundred day simple moving average of $103.15. The stock has a market cap of $432.15 million, a price-to-earnings ratio of 18.34 and a beta of 0.39.

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

Hedge Funds Weigh In On Nathan's Famous

A number of large investors have recently added to or reduced their stakes in NATH. Tower Research Capital LLC TRC raised its position in Nathan's Famous by 204.7% during the second quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator's stock worth $43,000 after acquiring an additional 260 shares during the period. Summit Securities Group LLC purchased a new stake in shares of Nathan's Famous during the first quarter worth $48,000. Legal & General Group Plc grew its holdings in shares of Nathan's Famous by 142.0% during the second quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator's stock worth $77,000 after buying an additional 406 shares in the last quarter. CWM LLC grew its holdings in shares of Nathan's Famous by 34.1% during the first 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. Finally, Osaic Holdings Inc. grew its holdings in shares of Nathan's Famous by 75.7% during the second quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator's stock worth $98,000 after buying an additional 381 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

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.

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