Nathan’s Famous (NASDAQ:NATH) Lowered to “Buy” at StockNews.com

StockNews.com cut shares of Nathan’s Famous (NASDAQ:NATH) from a strong-buy rating to a buy rating in a research note issued to investors on Monday.

Nathan’s Famous Trading Down 2.1 %

NASDAQ:NATH opened at $72.65 on Monday. Nathan’s Famous has a 12-month low of $62.00 and a 12-month high of $83.00. The firm has a market cap of $296.39 million, a PE ratio of 14.95 and a beta of 0.28. The stock has a fifty day moving average price of $75.67 and a 200 day moving average price of $75.21.

Nathan’s Famous (NASDAQ:NATH) last posted its earnings results on Thursday, August 3rd. The restaurant operator reported $1.81 EPS for the quarter. The business had revenue of $41.99 million for the quarter. Nathan’s Famous had a negative return on equity of 44.86% and a net margin of 14.94%.

Nathan’s Famous Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 21st were issued a dividend of $0.50 per share. The ex-dividend date was Friday, August 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.75%. Nathan’s Famous’s payout ratio is 41.15%.

Insider Buying and Selling

In other Nathan’s Famous news, Director Brian S. Genson sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $73.02, for a total value of $146,040.00. Following the completion of the transaction, the director now directly owns 12,942 shares of the company’s stock, valued at approximately $945,024.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 31.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NATH. Royce & Associates LP raised its holdings in shares of Nathan’s Famous by 1.9% during the 2nd quarter. Royce & Associates LP now owns 25,894 shares of the restaurant operator’s stock valued at $2,034,000 after purchasing an additional 494 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Nathan’s Famous by 7.5% during the second quarter. Janney Montgomery Scott LLC now owns 6,190 shares of the restaurant operator’s stock valued at $486,000 after buying an additional 434 shares during the last quarter. Virtu Financial LLC bought a new stake in Nathan’s Famous in the second quarter valued at about $359,000. Seizert Capital Partners LLC bought a new stake in Nathan’s Famous during the second quarter worth about $347,000. Finally, Annex Advisory Services LLC grew its stake in Nathan’s Famous by 13.2% during the second quarter. Annex Advisory Services LLC now owns 5,716 shares of the restaurant operator’s stock worth $449,000 after buying an additional 668 shares during the last quarter. Institutional investors and hedge funds own 40.76% of the company’s stock.

Nathan’s Famous Company Profile

Nathan's Famous, Inc, together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.