Nathan's Famous (NASDAQ:NATH) Given Buy (B+) Rating at Weiss Ratings
Weiss Ratings has reaffirmed a "buy (B+)" rating for Nathan's Famous (NASDAQ:NATH) shares. Despite this, Wall Street Zen downgraded the stock from "buy" to "hold". Nathan's Famous reported $2.16 EPS for the last quarter, with a market cap of $442.13 million. The stock opened at $108.10, down 0.4%. Institutional investors hold 66.54% of the company, which operates franchised fast-food units and various product segments.
Nathan's Famous (NASDAQ:NATH - Get Free Report)'s stock had its "buy (b+)" rating reissued by investment analysts at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.
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Separately, Wall Street Zen cut shares of Nathan's Famous from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy".
View Our Latest Report on Nathan's Famous
Nathan's Famous Stock Down 0.4%
Shares of NATH stock opened at $108.10 on Friday. The firm has a fifty day moving average of $107.50 and a 200-day moving average of $104.47. Nathan's Famous has a 12-month low of $75.14 and a 12-month high of $118.50. The company has a market capitalization of $442.13 million, a price-to-earnings ratio of 18.77 and a beta of 0.39.
Nathan's Famous (NASDAQ:NATH - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The restaurant operator reported $2.16 earnings per share (EPS) for the quarter. Nathan's Famous had a net margin of 15.74% and a negative return on equity of 143.21%. The company had revenue of $47.00 million during the quarter.
Institutional Investors Weigh In On Nathan's Famous
Several large investors have recently bought and sold shares of NATH. Allspring Global Investments Holdings LLC boosted its position in shares of Nathan's Famous by 8.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,492 shares of the restaurant operator's stock worth $529,000 after acquiring an additional 438 shares in the last quarter. Nuveen LLC acquired a new position in shares of Nathan's Famous during the 1st quarter worth about $499,000. Goldman Sachs Group Inc. boosted its position in shares of Nathan's Famous by 9.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,451 shares of the restaurant operator's stock worth $1,296,000 after acquiring an additional 1,210 shares in the last quarter. CWM LLC boosted its position in shares of Nathan's Famous by 34.1% during the 1st quarter. CWM LLC now owns 822 shares of the restaurant operator's stock worth $79,000 after acquiring an additional 209 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of Nathan's Famous during the 1st quarter worth about $920,000. Hedge funds and other institutional investors own 66.54% of the company's stock.
Nathan's Famous Company Profile
(Get Free Report)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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