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

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

Nathan’s Famous Price Performance

Shares of NASDAQ:NATH traded down $0.29 on Friday, reaching $98.01. 13,810 shares of the company traded hands, compared to its average volume of 23,483. The stock has a market capitalization of $401.84 million, a PE ratio of 20.21 and a beta of 0.29. The company’s 50 day moving average is $100.27 and its 200-day moving average is $100.57. Nathan’s Famous has a fifty-two week low of $88.67 and a fifty-two week high of $113.86.

Nathan’s Famous Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were issued a $0.50 dividend. The ex-dividend date of this dividend 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 is currently 41.24%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Nathan’s Famous

Hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC increased its stake in Nathan’s Famous by 69.9% in the 4th quarter. Hsbc Holdings PLC now owns 3,561 shares of the restaurant operator’s stock worth $333,000 after purchasing an additional 1,465 shares in the last quarter. Susquehanna Portfolio Strategies LLC acquired a new position in shares of Nathan’s Famous in the fourth quarter worth about $365,000. Inspire Investing LLC increased its position in shares of Nathan’s Famous by 21.1% in the fourth quarter. Inspire Investing LLC now owns 5,010 shares of the restaurant operator’s stock worth $469,000 after acquiring an additional 873 shares in the last quarter. Trexquant Investment LP raised its holdings in shares of Nathan’s Famous by 57.4% during the fourth quarter. Trexquant Investment LP now owns 10,424 shares of the restaurant operator’s stock valued at $975,000 after acquiring an additional 3,801 shares during the period. Finally, Barclays PLC lifted its position in shares of Nathan’s Famous by 36.2% in the 4th quarter. Barclays PLC now owns 5,864 shares of the restaurant operator’s stock valued at $549,000 after acquiring an additional 1,557 shares in the last quarter. 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.