Nathan's Famous (NASDAQ:NATH) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Shares of Nathan's Famous (NASDAQ:NATH) traded up $3.30 on Friday, hitting $86.30. 19,758 shares of the company’s stock were exchanged, compared to its average volume of 12,873. Nathan's Famous has a 1-year low of $52.90 and a 1-year high of $100.90. The firm has a market capitalization of $361.12, a PE ratio of 48.76 and a beta of 0.32. The company has a current ratio of 7.07, a quick ratio of 7.01 and a debt-to-equity ratio of -2.19.

Nathan's Famous (NASDAQ:NATH) last announced its quarterly earnings results on Friday, November 3rd. The restaurant operator reported $0.74 earnings per share for the quarter. Nathan's Famous had a net margin of 7.34% and a negative return on equity of 11.59%. The business had revenue of $31.61 million during the quarter.

In other Nathan's Famous news, Director Brian S. Genson sold 2,000 shares of Nathan's Famous stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $95.56, for a total transaction of $191,120.00. Following the completion of the sale, the director now directly owns 17,614 shares in the company, valued at $1,683,193.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 32.60% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in NATH. Gamco Investors INC. ET AL grew its holdings in shares of Nathan's Famous by 9.7% in the second quarter. Gamco Investors INC. ET AL now owns 234,724 shares of the restaurant operator’s stock valued at $14,788,000 after purchasing an additional 20,700 shares in the last quarter. Teton Advisors Inc. grew its holdings in shares of Nathan's Famous by 4.7% in the third quarter. Teton Advisors Inc. now owns 223,850 shares of the restaurant operator’s stock valued at $16,554,000 after purchasing an additional 10,114 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Nathan's Famous by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 201,498 shares of the restaurant operator’s stock valued at $12,694,000 after purchasing an additional 9,977 shares in the last quarter. OxFORD Asset Management LLP acquired a new position in shares of Nathan's Famous in the third quarter valued at approximately $557,000. Finally, State Street Corp grew its holdings in shares of Nathan's Famous by 12.2% in the second quarter. State Street Corp now owns 48,087 shares of the restaurant operator’s stock valued at $3,032,000 after purchasing an additional 5,224 shares in the last quarter. Hedge funds and other institutional investors own 38.89% of the company’s stock.

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Nathan's Famous Company Profile

Nathan’s Famous, Inc (Nathan’s) is a licensor, wholesaler and retailer of products marketed under Nathan’s Famous brand. The Company’s products are marketed for sale in approximately 55,000 locations, including supermarkets, mass merchandisers and club stores, selected foodservice locations and Company-owned and franchised restaurants throughout the United States and in over 10 foreign territories and countries.

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