Nathan’s Famous (NASDAQ:NATH – Get Free Report) was upgraded by equity analysts at StockNews.com from “Buy” to “Strong Buy” in a report released Saturday.
Nathan’s famous trading loses 2.6%
Nathan’s Famous stock opened at $67.78 on Friday. Nathan’s Famous has a 12-month low of $61.35 and a 12-month high of $82.00. The stock’s 50-day moving average is $67.84 and its 200-day moving average is $69.55. The company has a market cap of $276.54 million, a price-to-earnings ratio of 14.09 and a beta of 0.28.
Hedge funds comment on Nathan’s famous
Several institutional investors and hedge funds have recently made changes to their positions in NATH. Tower Research Capital LLC TRC increased its position in Nathan’s Famous by 102.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 336 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 170 shares in the last quarter. Gladius Capital Management LP acquired a new stake in Nathan’s Famous in the third quarter valued at about $32,000. Victory Capital Management Inc. acquired a new stake in Nathan’s Famous in the fourth quarter valued at about $104,000. Meixler Investment Management Ltd. acquired a new stake in Nathan’s Famous in the first quarter valued at about $322,000. Finally, BNP Paribas Financial Markets increased its stake in Nathan’s Famous by 5.3% in the first quarter. BNP Paribas Financial Markets now owns 4,546 shares of the restaurant operator’s stock valued at $322,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.
About Nathan’s Famous
(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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