Nathan's Famous, Inc. (NASDAQ:NATH) Declares Quarterly Dividend of $0.50

Nathan's Famous, Inc. (NASDAQ:NATH - Get Free Report) announced a quarterly dividend on Saturday, June 14th, Wall Street Journal reports. Investors of record on Monday, June 23rd will be given a dividend of 0.50 per share by the restaurant operator on Tuesday, July 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Monday, June 23rd.

Nathan's Famous Stock Down 2.1%

NASDAQ:NATH traded down $2.43 during mid-day trading on Friday, reaching $111.55. The company's stock had a trading volume of 31,044 shares, compared to its average volume of 14,714. Nathan's Famous has a 1 year low of $66.35 and a 1 year high of $118.50. The stock has a fifty day moving average of $100.92 and a 200-day moving average of $92.40. The firm has a market capitalization of $456.13 million, a PE ratio of 19.23 and a beta of 0.35.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last released its quarterly earnings data on Tuesday, June 10th. The restaurant operator reported $1.03 earnings per share for the quarter. Nathan's Famous had a net margin of 16.19% and a negative return on equity of 96.05%. The company had revenue of $30.79 million during the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Nathan's Famous from a "strong-buy" rating to a "buy" rating in a report on Saturday.

Hedge Funds Weigh In On Nathan's Famous

An institutional investor recently bought a new position in Nathan's Famous stock. AQR Capital Management LLC acquired a new stake in shares of Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,641 shares of the restaurant operator's stock, valued at approximately $255,000. AQR Capital Management LLC owned approximately 0.06% of Nathan's Famous as of its most recent SEC filing. Institutional investors and hedge funds own 66.54% of the company's stock.

Nathan's Famous Company Profile

Nathan's Famous, Inc engages in the operation of franchised fast-food units. It is involved in the licensing, wholesaling, and retailing of products marketed under the Nathan's Famous brand. The firm operates through the following business segments: Branded Product Program, Product Licensing, Restaurant Operations, and Corporate.