Nathan’s Famous (NASDAQ:NATH) Posts Quarterly Earnings Results

Nathan’s Famous (NASDAQ:NATHGet Free Report) posted its earnings results on Tuesday. The restaurant operator reported $0.68 EPS for the quarter, FiscalAI reports. Nathan’s Famous had a net margin of 12.35% and a negative return on equity of 196.84%. The company had revenue of $35.07 million during the quarter.

Nathan’s Famous Stock Performance

Nathan’s Famous stock opened at $101.40 on Thursday. Nathan’s Famous has a fifty-two week low of $88.67 and a fifty-two week high of $118.10. The stock has a market cap of $415.13 million, a PE ratio of 20.91 and a beta of 0.28. The firm’s 50-day simple moving average is $101.11 and its 200 day simple moving average is $98.60.

Nathan’s Famous Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, June 22nd. This represents a $2.00 annualized dividend and a yield of 2.0%. Nathan’s Famous’s payout ratio is 41.24%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NATH. AQR Capital Management LLC purchased a new position in Nathan’s Famous in the first quarter valued at about $255,000. Goldman Sachs Group Inc. boosted its stake in Nathan’s Famous by 9.9% in the first quarter. Goldman Sachs Group Inc. now owns 13,451 shares of the restaurant operator’s stock valued at $1,296,000 after acquiring an additional 1,210 shares during the last quarter. Legal & General Group Plc boosted its stake in Nathan’s Famous by 142.0% in the second quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock valued at $77,000 after acquiring an additional 406 shares during the last quarter. Franklin Resources Inc. purchased a new position in Nathan’s Famous in the second quarter valued at about $226,000. Finally, Hsbc Holdings PLC purchased a new position in Nathan’s Famous in the second quarter valued at about $421,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

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 report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

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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.

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

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