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

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

Nathan’s Famous Price Performance

Shares of Nathan’s Famous stock traded down $0.29 during trading on Friday, hitting $98.01. The stock had a trading volume of 13,810 shares, compared to its average volume of 23,483. Nathan’s Famous has a 12 month low of $88.67 and a 12 month high of $113.86. The firm’s fifty day simple moving average is $100.27 and its 200-day simple moving average is $100.57. The stock has a market cap of $401.84 million, a PE ratio of 20.21 and a beta of 0.29.

Nathan’s Famous Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. 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 position in Nathan’s Famous in the 4th quarter valued at $59,000. Legal & General Group Plc increased 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 worth $77,000 after purchasing an additional 406 shares during the period. Osaic Holdings Inc. lifted its position in shares of Nathan’s Famous by 75.7% during the second 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 last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of 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 purchasing an additional 103 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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.com, the stock 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.