Nathan’s Famous (NATH) Upgraded at BidaskClub

Nathan’s Famous (NASDAQ:NATH) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, ValuEngine downgraded shares of Nathan’s Famous from a “buy” rating to a “hold” rating in a research report on Monday, September 24th.

NASDAQ:NATH opened at $76.10 on Friday. The stock has a market capitalization of $306.99 million, a PE ratio of 26.93 and a beta of 0.18. Nathan’s Famous has a 1-year low of $60.35 and a 1-year high of $107.05.

Nathan’s Famous (NASDAQ:NATH) last released its earnings results on Friday, November 2nd. The restaurant operator reported $1.06 earnings per share for the quarter. The firm had revenue of $29.33 million for the quarter. Nathan’s Famous had a net margin of 5.78% and a negative return on equity of 13.87%.

In related news, Director Robert J. Eide sold 7,362 shares of the stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $69.87, for a total transaction of $514,382.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Ronald G. Devos sold 1,100 shares of the stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $72.50, for a total transaction of $79,750.00. Following the sale, the chief financial officer now directly owns 13,709 shares in the company, valued at $993,902.50. The disclosure for this sale can be found here. Insiders sold a total of 8,832 shares of company stock worth $620,166 over the last ninety days. Insiders own 32.40% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. MetLife Investment Advisors LLC bought a new stake in Nathan’s Famous during the 2nd quarter worth approximately $136,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Nathan’s Famous in the third quarter valued at about $138,000. Citadel Advisors LLC bought a new position in Nathan’s Famous in the second quarter worth about $213,000. Rhumbline Advisers purchased a new stake in shares of Nathan’s Famous during the second quarter worth about $261,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Nathan’s Famous in the third quarter valued at approximately $413,000. 41.77% of the stock is currently owned by institutional investors.

Nathan’s Famous Company Profile

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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