Nathan’s Famous (NASDAQ:NATH) upgraded to Strong Buy at StockNews.com

Nathan’s Famous (NASDAQ:NATH – Get Free Report) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong buy” rating in a research report issued to clients and investors on Tuesday.

Nathan’s Famous Trading down 3.0%

NATH traded $2.10 lower during trading hours on Tuesday, reaching $67.65. 5,937 shares of the company traded hands, compared to its average volume of 4,307. The company has a market cap of $276.01 million, a P/E ratio of 14.06 and a beta of 0.28. Nathan’s Famous has a 12-month low of $61.35 and a 12-month high of $82.00. The company has a 50-day moving average of $67.44 and a 200-day moving average of $69.62.

Institutional investors comment on Nathan’s famous

Several large investors have recently bought and sold shares of NATH. Tower Research Capital LLC TRC increased its holdings 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 valued at $26,000 after buying 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 $104,000. Meixler Investment Management Ltd. acquired a new stake in Nathan’s Famous in the first quarter valued at $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. 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., 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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