Nathan’s Famous (NASDAQ:NATH) Releases Earnings Results

Nathan’s Famous (NASDAQ:NATHGet Free Report) released its quarterly earnings data on Tuesday. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, FiscalAI reports. Nathan’s Famous had a net margin of 13.59% and a negative return on equity of 182.42%. The firm had revenue of $35.07 million for the quarter.

Nathan’s Famous Stock Performance

Shares of NATH opened at $101.47 on Wednesday. The stock has a market cap of $415.01 million, a PE ratio of 19.51 and a beta of 0.28. Nathan’s Famous has a fifty-two week low of $88.67 and a fifty-two week high of $118.50. The firm’s 50-day simple moving average is $101.10 and its two-hundred day simple moving average is $98.55.

Nathan’s Famous Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, June 22nd. Nathan’s Famous’s dividend payout ratio is 38.46%.

Trending Headlines about Nathan’s Famous

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Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Nathan’s Famous from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, According to MarketBeat, Nathan’s Famous currently has an average rating of “Buy”.

View Our Latest Research Report on Nathan’s Famous

Institutional Investors Weigh In On Nathan’s Famous

A number of institutional investors have recently made changes to their positions in NATH. Tower Research Capital LLC TRC grew its holdings in shares of Nathan’s Famous by 204.7% during the second quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 260 shares during the last quarter. State of Wyoming purchased a new stake in shares of Nathan’s Famous during the fourth quarter valued at approximately $59,000. Legal & General Group Plc grew its holdings in shares of Nathan’s Famous by 142.0% during the second quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock valued at $77,000 after buying an additional 406 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Nathan’s Famous by 351.6% during the fourth quarter. State of Alaska Department of Revenue now owns 1,007 shares of the restaurant operator’s stock valued at $93,000 after buying an additional 784 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Nathan’s Famous by 75.7% during the second quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator’s stock valued at $98,000 after buying an additional 381 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

About Nathan’s Famous

(Get Free Report)

Nathan’s Famous Inc is a quick-service restaurant company known for its signature all-beef hot dogs and classic American fast-food offerings. The company operates and franchises a network of dining outlets under the Nathan’s Famous brand, serving items such as hamburgers, chicken sandwiches, french fries and specialty sides. In addition to its restaurant business, Nathan’s Famous markets frozen and refrigerated products to retail and foodservice customers across North America.

The company traces its origins to 1916, when founder Nathan Handwerker opened a modest walk-up stand on Coney Island in Brooklyn, New York.

See Also

Earnings History for Nathan's Famous (NASDAQ:NATH)

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