BidaskClub Downgrades Nathan’s Famous (NATH) to Hold

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

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

Shares of NASDAQ:NATH opened at $73.23 on Friday. Nathan’s Famous has a twelve month low of $60.35 and a twelve month high of $107.05. The company has a market cap of $319.77 million, a P/E ratio of 28.05 and a beta of -0.01.

Large investors 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 valued at approximately $136,000. O Shaughnessy Asset Management LLC bought a new stake in Nathan’s Famous during the 3rd quarter valued at approximately $138,000. Citadel Advisors LLC bought a new stake in Nathan’s Famous during the 2nd quarter valued at approximately $213,000. Millennium Management LLC bought a new stake in Nathan’s Famous during the 1st quarter valued at approximately $252,000. Finally, Rhumbline Advisers bought a new stake in Nathan’s Famous during the 2nd quarter valued at approximately $261,000. Hedge funds and other institutional investors own 40.69% of the company’s stock.

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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