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

by · The Cerbat Gem

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

Nathan’s Famous Stock Up 2.3%

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

Nathan’s Famous Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NATH. Wall Street Zen cut Nathan’s Famous from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reissued a “buy (b+)” rating on shares of Nathan’s Famous in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Read Our Latest Report on NATH

Institutional Trading of Nathan’s Famous

A number of hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its holdings 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 worth $43,000 after buying an additional 260 shares in the last quarter. Legal & General Group Plc increased its holdings in Nathan’s Famous by 142.0% in the 2nd quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock worth $77,000 after purchasing an additional 406 shares in the last quarter. Osaic Holdings Inc. raised its position in Nathan’s Famous by 75.7% in the second quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator’s stock valued at $98,000 after purchasing an additional 381 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Nathan’s Famous during the second quarter valued at about $201,000. Finally, Franklin Resources Inc. bought a new stake in shares of Nathan’s Famous during the second quarter worth about $226,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

About Nathan’s Famous

(Get Free Report)

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.

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