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

Nathan’s Famous (NASDAQ:NATH) released its quarterly earnings results on Thursday. The restaurant operator reported $1.26 earnings per share for the quarter, Zacks reports. Nathan’s Famous had a negative return on equity of 143.21% and a net margin of 15.74%.The company had revenue of $45.69 million during the quarter.

Nathan’s Famous Price Performance

NATH stock traded up $2.47 during trading on Friday, reaching $108.61. 118,070 shares of the stock traded hands, compared to its average volume of 32,809. The firm has a market capitalization of $444.11 million, a PE ratio of 18.86 and a beta of 0.38. The business’s 50 day moving average price is $107.54 and its 200-day moving average price is $105.40. Nathan’s Famous has a 52-week low of $75.14 and a 52-week high of $118.50.

Nathan’s Famous Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 24th will be issued a $0.50 dividend. The ex-dividend date is Monday, November 24th. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. Nathan’s Famous’s dividend payout ratio (DPR) is presently 34.72%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wall Street Zen lowered Nathan’s Famous from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Nathan’s Famous in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Institutional Trading of Nathan’s Famous

A number of institutional investors and hedge funds have recently bought and sold shares of NATH. AQR Capital Management LLC acquired a new stake in shares of Nathan’s Famous during the first quarter valued at about $255,000. Goldman Sachs Group Inc. increased its holdings in Nathan’s Famous by 9.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,451 shares of the restaurant operator’s stock worth $1,296,000 after purchasing an additional 1,210 shares during the last quarter. Legal & General Group Plc raised its position in shares of Nathan’s Famous by 142.0% in the 2nd quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock valued at $77,000 after purchasing an additional 406 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of Nathan’s Famous during the 2nd quarter valued at approximately $226,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Nathan’s Famous during the second quarter worth approximately $421,000. 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.