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

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

Nathan’s Famous Trading Down 0.3%

NATH traded down $0.29 on Friday, hitting $98.01. 13,810 shares of the company’s stock traded hands, compared to its average volume of 23,483. The firm has a market cap of $401.84 million, a price-to-earnings ratio of 20.21 and a beta of 0.29. Nathan’s Famous has a one year low of $88.67 and a one year high of $113.86. The company’s 50 day simple moving average is $100.27 and its 200-day simple moving average is $100.57.

Nathan’s Famous Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were given a dividend of $0.50 per share. The ex-dividend date was Monday, June 22nd. This represents a $2.00 annualized dividend and a dividend yield of 2.0%. Nathan’s Famous’s dividend payout ratio (DPR) is currently 41.24%.

Institutional Investors Weigh In On Nathan’s Famous

Several large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in Nathan’s Famous by 10.3% during the fourth 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. First Trust Advisors LP lifted its holdings in shares of Nathan’s Famous by 2.5% in the 4th quarter. First Trust Advisors LP now owns 8,276 shares of the restaurant operator’s stock worth $774,000 after acquiring an additional 200 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Nathan’s Famous by 204.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 260 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Nathan’s Famous by 75.7% during the 2nd quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 381 shares during the period. Finally, Legal & General Group Plc grew 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 purchasing an additional 406 shares during the last quarter. 66.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nathan’s Famous in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

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.