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

Nathan’s Famous (NASDAQ:NATH) issued its quarterly earnings results on Friday. The restaurant operator reported $2.14 EPS for the quarter, Zacks reports. Nathan’s Famous had a net margin of 12.35% and a negative return on equity of 179.01%. The business had revenue of $54.06 million for the quarter.

Nathan’s Famous Trading Down 0.3%

NATH stock opened at $98.01 on Friday. The stock has a market cap of $401.64 million, a PE ratio of 20.29 and a beta of 0.29. Nathan’s Famous has a 12 month low of $88.67 and a 12 month high of $113.86. The company has a 50-day moving average price of $100.27 and a 200 day moving average price of $100.57.

Nathan’s Famous Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.0%. Nathan’s Famous’s payout ratio is currently 41.41%.

Institutional Trading of Nathan’s Famous

Several institutional investors have recently added to or reduced their stakes in NATH. Tower Research Capital LLC TRC grew its stake 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 bought a new stake in shares of Nathan’s Famous during the 4th quarter worth approximately $59,000. Legal & General Group Plc boosted its holdings in Nathan’s Famous by 142.0% during the 2nd 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 period. Osaic Holdings Inc. boosted its holdings in Nathan’s Famous by 75.7% during the 2nd quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator’s stock valued at $98,000 after acquiring an additional 381 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Nathan’s Famous by 10.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,106 shares of the restaurant operator’s stock valued at $103,000 after acquiring an additional 103 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Nathan’s Famous in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Nathan’s Famous Company Profile

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.