Nathan's Famous (NASDAQ:NATH) Issues Quarterly Earnings Results

Key Points

• Nathan's Famous reported quarterly earnings of $2.16 per share and has a negative return on equity of 116.79% with a net margin of 16.21%.
• The company declared a quarterly dividend of $0.50 per share, translating to an annualized dividend of $2.00 and a yield of 2.1%.
• Wall Street analyst rating for Nathan's Famous was downgraded from a "strong-buy" to a "buy" as of June 14th.

Nathan's Famous (NASDAQ:NATH - Get Free Report) posted its earnings results on Friday. The restaurant operator reported $2.16 EPS for the quarter, Zacks reports. Nathan's Famous had a net margin of 15.74% and a negative return on equity of 143.21%. The company had revenue of $47.00 million for the quarter.

Nathan's Famous Stock Up 1.4%

NASDAQ:NATH traded up $1.39 on Wednesday, reaching $103.52. 4,257 shares of the company's stock were exchanged, compared to its average volume of 31,302. The firm has a market capitalization of $423.38 million, a price-to-earnings ratio of 17.97 and a beta of 0.38. The business has a fifty day moving average of $105.81 and a 200-day moving average of $99.30. Nathan's Famous has a 52-week low of $72.49 and a 52-week high of $118.50.

Nathan's Famous Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 25th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, August 25th. This represents a $2.00 dividend on an annualized basis and a yield of 1.9%. Nathan's Famous's dividend payout ratio is 34.72%.

Institutional Trading of Nathan's Famous

A number of institutional investors and hedge funds have recently bought and sold shares of NATH. Hsbc Holdings PLC purchased a new stake in Nathan's Famous during the second quarter worth about $421,000. AQR Capital Management LLC purchased a new stake in shares of Nathan's Famous during the first quarter worth approximately $255,000. Franklin Resources Inc. purchased a new stake in shares of Nathan's Famous during the second quarter worth approximately $226,000. Goldman Sachs Group Inc. increased its stake in shares of Nathan's Famous by 9.9% during the first quarter. Goldman Sachs Group Inc. now owns 13,451 shares of the restaurant operator's stock worth $1,296,000 after buying an additional 1,210 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Nathan's Famous by 142.0% during the second quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator's stock worth $77,000 after buying an additional 406 shares during the period. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Nathan's Famous from a "buy" rating to a "hold" rating in a research note on Saturday.

About Nathan's Famous

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.