BidaskClub Upgrades Nathan’s Famous (NATH) to Hold

BidaskClub upgraded shares of Nathan’s Famous (NASDAQ:NATH) from a sell rating to a hold rating in a report issued on Saturday.

Separately, ValuEngine downgraded shares of Nathan’s Famous from a buy rating to a hold rating in a research note on Monday, September 24th.

Shares of NASDAQ NATH opened at $73.51 on Friday. The stock has a market capitalization of $318.98 million, a price-to-earnings ratio of 27.98 and a beta of 0.18. Nathan’s Famous has a 1 year low of $60.35 and a 1 year high of $107.05.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings data on Friday, November 2nd. The restaurant operator reported $1.06 earnings per share (EPS) for the quarter. The business had revenue of $29.33 million during the quarter. Nathan’s Famous had a net margin of 5.78% and a negative return on equity of 13.87%.

In other Nathan’s Famous news, Director Brian S. Genson sold 370 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $70.36, for a total value of $26,033.20. Following the completion of the sale, the director now owns 17,244 shares of the company’s stock, valued at $1,213,287.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert J. Eide sold 7,362 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $69.87, for a total transaction of $514,382.94. The disclosure for this sale can be found here. In the last three months, insiders sold 8,832 shares of company stock valued at $620,166. 32.40% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in NATH. MetLife Investment Advisors LLC bought a new stake in Nathan’s Famous in the second quarter worth about $136,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Nathan’s Famous during the third quarter valued at approximately $138,000. Citadel Advisors LLC bought a new stake in shares of Nathan’s Famous during the second quarter valued at approximately $213,000. Rhumbline Advisers bought a new stake in shares of Nathan’s Famous during the second quarter valued at approximately $261,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Nathan’s Famous during the third quarter valued at approximately $413,000. 42.15% of the stock is owned by institutional investors and hedge funds.

About Nathan’s Famous

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.

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