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

Nathan’s Famous (NASDAQ:NATH) posted its quarterly earnings data on Thursday. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, FiscalAI reports. Nathan’s Famous had a net margin of 13.59% and a negative return on equity of 202.59%. The company had revenue of $34.31 million for the quarter.

Nathan’s Famous Stock Performance

Shares of NATH remained flat at $101.20 during trading hours on Friday. 47,994 shares of the stock traded hands, compared to its average volume of 83,234. The stock has a 50 day moving average price of $95.31 and a two-hundred day moving average price of $100.82. The stock has a market capitalization of $413.91 million, a price-to-earnings ratio of 19.46 and a beta of 0.34. Nathan’s Famous has a 52 week low of $84.35 and a 52 week high of $118.50.

Nathan’s Famous Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, February 17th. Nathan’s Famous’s payout ratio is currently 36.04%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Nathan’s Famous in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Hedge Funds Weigh In On Nathan’s Famous

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted 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 raised its stake 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. State of Alaska Department of Revenue grew its position in shares of Nathan’s Famous by 351.6% during the 4th quarter. State of Alaska Department of Revenue now owns 1,007 shares of the restaurant operator’s stock worth $93,000 after purchasing an additional 784 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of 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 buying an additional 381 shares in the last quarter. Finally, Promus Capital LLC bought a new stake in shares of Nathan’s Famous in the third quarter valued at approximately $101,000. Institutional investors own 66.54% of the company’s stock.

About Nathan’s Famous

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.