BidaskClub Lowers Nathan’s Famous (NASDAQ:NATH) to Sell

BidaskClub lowered shares of Nathan’s Famous (NASDAQ:NATH) from a hold rating to a sell rating in a research note issued to investors on Tuesday, BidAskClub reports.

NATH opened at $68.41 on Tuesday. The stock has a market cap of $280.28 million, a PE ratio of 19.68 and a beta of 0.23. The business has a 50 day moving average of $72.08 and a 200-day moving average of $70.24. Nathan’s Famous has a 52 week low of $62.20 and a 52 week high of $93.00.

Nathan’s Famous (NASDAQ:NATH) last released its quarterly earnings results on Friday, August 9th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter. Nathan’s Famous had a negative return on equity of 19.83% and a net margin of 21.59%. The business had revenue of $30.52 million during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, August 26th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $1.40 annualized dividend and a dividend yield of 2.05%.

Institutional investors have recently made changes to their positions in the company. Bank of Montreal Can lifted its position in shares of Nathan’s Famous by 157.4% in the second quarter. Bank of Montreal Can now owns 399 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 244 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Nathan’s Famous by 59,700.0% in the first quarter. BNP Paribas Arbitrage SA now owns 598 shares of the restaurant operator’s stock worth $41,000 after buying an additional 597 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Nathan’s Famous in the second quarter worth about $54,000. Panagora Asset Management Inc. purchased a new stake in shares of Nathan’s Famous in the second quarter worth about $107,000. Finally, Bank of America Corp DE lifted its position in shares of Nathan’s Famous by 61.4% in the fourth quarter. Bank of America Corp DE now owns 1,737 shares of the restaurant operator’s stock worth $116,000 after buying an additional 661 shares in the last quarter. Institutional investors and hedge funds own 41.13% of the company’s stock.

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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