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

Nathan’s Famous (NASDAQ:NATH) announced its quarterly earnings data on Tuesday. The restaurant operator reported $0.68 earnings per share for the quarter, FiscalAI reports. The business had revenue of $35.07 million for the quarter. Nathan’s Famous had a net margin of 13.59% and a negative return on equity of 182.42%.

Nathan’s Famous Trading Up 0.4%

NATH stock opened at $102.29 on Tuesday. Nathan’s Famous has a 12 month low of $88.67 and a 12 month high of $118.50. The company has a 50-day moving average price of $101.08 and a 200 day moving average price of $98.50. The stock has a market cap of $418.37 million, a PE ratio of 19.67 and a beta of 0.28.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Nathan’s Famous from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Hedge Funds Weigh In On Nathan’s Famous

A number of large investors have recently made changes to their positions in NATH. AQR Capital Management LLC bought a new stake in Nathan’s Famous during the 1st quarter valued at about $255,000. Goldman Sachs Group Inc. lifted its holdings in Nathan’s Famous by 9.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,451 shares of the restaurant operator’s stock valued at $1,296,000 after buying an additional 1,210 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Nathan’s Famous by 142.0% in 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 in the last quarter. Franklin Resources Inc. bought a new stake in shares of Nathan’s Famous in the 2nd quarter valued at about $226,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Nathan’s Famous in the 2nd quarter valued at about $421,000. 66.54% of the stock is owned by hedge funds and other institutional investors.

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.