StockNews.com downgraded the shares of Nathan’s Famous (NASDAQ:NATH – Free Report) from a buy recommendation to a strong buy recommendation in a research note published on Tuesday.
Nathan’s famous stock performance
NATH shares opened at $67.65 on Tuesday. Nathan’s Famous has a 1-year low of $61.35 and a 1-year high of $82.00. The stock has a market cap of $276.01 million, a P/E ratio of 14.06 and a beta of 0.28. The company’s 50-day moving average is $67.44 and its 200-day moving average is $69.62.
Nathan’s famous dividend announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2. Shareholders of record on Monday, June 24 will receive a dividend of $0.50 per share. This represents an annual dividend of $2.00 and a dividend yield of 2.96%. The ex-dividend date is Monday, June 24. Nathan’s Famous’s dividend payout ratio is currently 41.58%.
Institutional investors comment on Nathan’s famous
Several large investors have recently changed their holdings in the stock. Cullen Investment Group LTD. acquired a new stake in shares of Nathan’s Famous in the fourth quarter valued at $850,000. Victory Capital Management Inc. acquired a new stake in shares of Nathan’s Famous in the fourth quarter valued at $104,000. Janney Montgomery Scott LLC increased its stake in shares of Nathan’s Famous by 32.4% in the third quarter. Janney Montgomery Scott LLC now owns 8,193 shares of the restaurant operator’s stock valued at $579,000 after buying an additional 2,003 shares during the period. BNP Paribas Financial Markets increased its stake in Nathan’s Famous by 13.0% in the fourth quarter. BNP Paribas Financial Markets now owns 4,316 shares of the restaurant operator’s stock valued at $337,000 after buying an additional 498 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new stake in Nathan’s Famous in the third quarter valued at $32,000. 66.54% of the shares are owned by institutional investors.
Nathan’s famous company profile
(Get free report)
Nathan’s Famous, Inc., together with its subsidiaries, is engaged in the food service business. The Company owns and franchises restaurants under the Nathan’s Famous brand name and sells products bearing the Nathan’s Famous brands through various distribution channels. It also has licensing agreements for the manufacture, distribution, marketing and sale of Nathan’s Famous branded hot dogs, sausages and corned beef products in refrigerated consumer packages for resale through retail channels, such as supermarkets, grocery stores, mass merchandisers and club stores, and other Nathan’s Famous branded refrigerated meat products in consumer packages for resale through retail channels.
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