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

Nathan’s Famous (NASDAQ:NATH) released its quarterly earnings data on Tuesday. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, Zacks reports. Nathan’s Famous had a net margin of 16.19% and a negative return on equity of 96.05%. The firm had revenue of $30.79 million for the quarter.

Nathan’s Famous Price Performance

Shares of Nathan’s Famous stock opened at $115.46 on Thursday. The firm has a fifty day moving average price of $100.05 and a 200 day moving average price of $92.04. Nathan’s Famous has a 1 year low of $66.35 and a 1 year high of $118.50. The stock has a market cap of $472.12 million, a PE ratio of 19.91 and a beta of 0.35.

Nathan’s Famous Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 23rd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.73%. Nathan’s Famous’s dividend payout ratio is currently 34.48%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nathan’s Famous stock. AQR Capital Management LLC acquired a new stake in Nathan’s Famous, Inc. (NASDAQ:NATH) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,641 shares of the restaurant operator’s stock, valued at approximately $255,000. AQR Capital Management LLC owned approximately 0.06% of Nathan’s Famous as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 66.54% of the company’s stock.

Nathan’s Famous Company Profile

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.