Nathan’s Famous (NATH) Rating Increased to Strong-Buy at BidaskClub

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Nathan’s Famous (NASDAQ:NATH) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday.

Separately, ValuEngine upgraded Nathan’s Famous from a “hold” rating to a “buy” rating in a research note on Thursday, June 7th.

Shares of NATH opened at $85.60 on Wednesday. Nathan’s Famous has a 12-month low of $60.35 and a 12-month high of $107.05. The firm has a market cap of $376.46 million, a P/E ratio of 45.87 and a beta of -0.25. The company has a current ratio of 5.35, a quick ratio of 5.30 and a debt-to-equity ratio of -1.75.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings data on Friday, August 3rd. The restaurant operator reported $1.13 earnings per share (EPS) for the quarter. Nathan’s Famous had a negative return on equity of 12.96% and a net margin of 4.34%. The firm had revenue of $30.17 million for the quarter.

A number of hedge funds have recently bought and sold shares of NATH. MetLife Investment Advisors LLC bought a new stake in Nathan’s Famous in the second quarter valued at $136,000. Citadel Advisors LLC bought a new stake in Nathan’s Famous in the second quarter valued at $213,000. Millennium Management LLC bought a new stake in Nathan’s Famous in the first quarter valued at $252,000. Rhumbline Advisers bought a new stake in Nathan’s Famous in the second quarter valued at $261,000. Finally, Spark Investment Management LLC bought a new stake in Nathan’s Famous in the second quarter valued at $345,000. Institutional investors own 40.43% 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.

Read More: Compound Annual Growth Rate (CAGR)

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