Nathan's Famous (NASDAQ:NATH - Get Free Report) posted its earnings results on Tuesday. The restaurant operator reported $1.03 earnings per share for the quarter, Zacks reports. The firm had revenue of $30.79 million during the quarter. Nathan's Famous had a net margin of 16.19% and a negative return on equity of 96.05%.
Nathan's Famous Stock Down 2.1%
NASDAQ NATH traded down $2.43 during trading on Friday, hitting $111.55. The stock had a trading volume of 31,044 shares, compared to its average volume of 14,668. The company has a market capitalization of $456.13 million, a PE ratio of 19.23 and a beta of 0.35. The firm has a 50 day moving average price of $100.51 and a 200 day moving average price of $92.24. Nathan's Famous has a twelve month low of $66.35 and a twelve month high of $118.50.
Nathan's Famous Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 23rd will be issued a dividend of $0.50 per share. 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's dividend payout ratio (DPR) is 34.07%.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Nathan's Famous stock. AQR Capital Management LLC bought a new position in shares of Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 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 own 66.54% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Nathan's Famous from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 2nd.
Check Out Our Latest Stock Analysis on Nathan's Famous
About Nathan's Famous
(
Get Free Report)
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.
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