Wall Street Zen Upgrades Nathan’s Famous (NASDAQ:NATH) to Hold

Nathan’s Famous (NASDAQ:NATH) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Nathan’s Famous in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Nathan’s Famous currently has an average rating of “Buy”.

Nathan’s Famous Price Performance

Shares of Nathan’s Famous stock opened at $101.55 on Friday. The firm has a market cap of $416.35 million, a PE ratio of 21.02 and a beta of 0.28. Nathan’s Famous has a 1 year low of $88.67 and a 1 year high of $113.86. The stock has a fifty day moving average price of $97.91 and a 200-day moving average price of $99.90.

Nathan’s Famous (NASDAQ:NATH) last posted its quarterly earnings results on Friday, August 7th. The restaurant operator reported $2.14 EPS for the quarter. The company had revenue of $54.06 million for the quarter. Nathan’s Famous had a net margin of 11.78% and a negative return on equity of 187.25%.

Institutional Investors Weigh In On Nathan’s Famous

Institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc bought a new position in shares of Nathan’s Famous in the 2nd quarter worth $28,000. Longfellow Investment Management Co. LLC purchased a new position in Nathan’s Famous in the second quarter worth $153,000. Callan Family Office LLC bought a new position in Nathan’s Famous in the second quarter valued at $216,000. PenderFund Capital Management Ltd. bought a new position in Nathan’s Famous in the second quarter valued at $254,000. Finally, Deutsche Bank AG purchased a new stake in Nathan’s Famous during the second quarter valued at about $293,000. 66.54% of the stock is owned by hedge funds and other institutional investors.

About Nathan’s Famous

Nathan’s Famous, Inc (NASDAQ:NATH) is a foodservice and consumer packaged foods company best known for its Nathan’s Famous hot dogs. The company operates and franchises restaurants and concession locations that serve hot dogs, hamburgers, fries, chicken products, beverages and other casual dining items under the Nathan’s Famous brand.

Founded by Nathan Handwerker in 1916 with a hot dog stand in Coney Island, Brooklyn, Nathan’s Famous has developed into a nationally recognized food brand.