Nathan’s Famous (NASDAQ:NATH) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Monday.

Separately, BidaskClub downgraded Nathan’s Famous from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 1st.

Shares of NASDAQ NATH opened at $83.70 on Monday. The company has a market cap of $362.85 million, a PE ratio of 44.21 and a beta of -0.25. The company has a debt-to-equity ratio of -1.75, a quick ratio of 5.30 and a current ratio of 5.35. 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 announced its earnings results on Friday, August 3rd. The restaurant operator reported $1.13 earnings per share for the quarter. The company had revenue of $30.17 million for the quarter. Nathan’s Famous had a negative return on equity of 12.96% and a net margin of 4.34%.

A number of large investors have recently modified their holdings of NATH. BlackRock Inc. grew its position in Nathan’s Famous by 10.2% during the second quarter. BlackRock Inc. now owns 158,611 shares of the restaurant operator’s stock worth $14,925,000 after buying an additional 14,641 shares in the last quarter. Renaissance Technologies LLC grew its position in Nathan’s Famous by 4.9% during the second quarter. Renaissance Technologies LLC now owns 244,415 shares of the restaurant operator’s stock worth $22,999,000 after buying an additional 11,315 shares in the last quarter. Citigroup Inc. grew its position in Nathan’s Famous by 2,150.0% during the first quarter. Citigroup Inc. now owns 5,490 shares of the restaurant operator’s stock worth $406,000 after buying an additional 5,246 shares in the last quarter. Spark Investment Management LLC acquired a new stake in Nathan’s Famous during the second quarter worth approximately $345,000. Finally, Millennium Management LLC acquired a new stake in Nathan’s Famous during the first quarter worth approximately $252,000. 40.39% of the stock is currently owned by institutional investors and hedge funds.

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.

Read More: Price to Earnings Ratio (PE) Basics

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