Nathan’s Famous, Inc. Plans Quarterly Dividend of $0.50 (NASDAQ:NATH)

Nathan’s Famous, Inc. (NASDAQ:NATH) announced a quarterly dividend on Wednesday, June 11th, Wall Street Journal reports. Stockholders of record on Monday, June 23rd will be paid a dividend of 0.50 per share by the restaurant operator on Tuesday, July 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, June 23rd.

Nathan’s Famous Stock Down 0.2%

NATH stock opened at $115.46 on Thursday. The company has a market cap of $472.12 million, a price-to-earnings ratio of 19.91 and a beta of 0.35. The business has a fifty day simple moving average of $100.05 and a 200-day simple moving average of $92.04. Nathan’s Famous has a 52 week low of $66.35 and a 52 week high of $118.50.

Nathan’s Famous (NASDAQ:NATH) last posted its earnings results on Tuesday, June 10th. The restaurant operator reported $1.03 earnings per share for the quarter. Nathan’s Famous had a net margin of 16.19% and a negative return on equity of 96.05%. The business had revenue of $30.79 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 2nd.

Institutional Trading of Nathan’s Famous

A hedge fund recently raised its stake in Nathan’s Famous stock. Goldman Sachs Group Inc. increased its position in Nathan’s Famous, Inc. (NASDAQ:NATH) by 9.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,451 shares of the restaurant operator’s stock after purchasing an additional 1,210 shares during the quarter. Goldman Sachs Group Inc. owned 0.33% of Nathan’s Famous worth $1,296,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 66.54% of the company’s stock.

About Nathan’s Famous

Nathan’s Famous, Inc engages in the operation of franchised fast-food units. It is involved in the licensing, wholesaling, and retailing of products marketed under the Nathan’s Famous brand. The firm operates through the following business segments: Branded Product Program, Product Licensing, Restaurant Operations, and Corporate.