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

Nathan's Famous, Inc. (NASDAQ:NATH - Get Free Report) announced a quarterly dividend on Wednesday, June 11th, Wall Street Journal reports. Shareholders of record on Monday, June 23rd will be paid a dividend of 0.50 per share by the restaurant operator on Tuesday, July 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Monday, June 23rd.

Nathan's Famous Trading Down 1.1%

Shares of NASDAQ NATH traded down $1.31 during mid-day trading on Thursday, hitting $114.15. The company had a trading volume of 5,023 shares, compared to its average volume of 14,461. The company has a market capitalization of $466.76 million, a price-to-earnings ratio of 19.68 and a beta of 0.35. Nathan's Famous has a 1 year low of $66.35 and a 1 year high of $118.50. The stock's 50-day moving average price is $100.05 and its 200-day moving average price is $92.04.

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

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Nathan's Famous from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd.

Institutional Investors Weigh In On Nathan's Famous

An institutional investor recently raised its position in Nathan's Famous stock. Goldman Sachs Group Inc. increased its stake in Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) by 9.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,451 shares of the restaurant operator's stock after acquiring an additional 1,210 shares during the period. Goldman Sachs Group Inc. owned about 0.33% of Nathan's Famous worth $1,296,000 as of its most recent SEC filing. 66.54% of the stock is currently owned by institutional investors.

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.