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

Key Points

• Quarterly results: Nathan’s Famous reported $2.14 in EPS and $54.06 million in revenue, with a 12.35% net margin and negative 179.01% return on equity.
• Stock and dividend: Shares closed at $98.01, down $0.29, while the company maintained a quarterly dividend of $0.50, or $2.00 annually, representing a 2.0% yield.
• Investor sentiment: Institutional investors own 66.54% of the company’s stock, and the sole covering analyst reiterated a “Buy” rating.

Nathan's Famous (NASDAQ:NATH - Get Free Report) announced its earnings results 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 company had revenue of $54.06 million during the quarter.

Nathan's Famous Stock Performance

Shares of NATH traded down $0.29 during mid-day trading on Friday, reaching $98.01. The stock had a trading volume of 13,810 shares, compared to its average volume of 23,483. The firm has a market cap of $401.84 million, a price-to-earnings ratio of 20.21 and a beta of 0.29. The business has a fifty day moving average of $100.27 and a 200 day moving average of $100.57. Nathan's Famous has a 12 month low of $88.67 and a 12 month high of $113.86.

Nathan's Famous Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Monday, June 22nd. Nathan's Famous's dividend payout ratio is presently 41.24%.

Institutional Trading of Nathan's Famous

Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its stake in Nathan's Famous by 204.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator's stock worth $43,000 after purchasing an additional 260 shares during the period. State of Wyoming purchased a new position in shares of Nathan's Famous in the fourth quarter worth $59,000. Legal & General Group Plc boosted its position 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 acquiring an additional 406 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of Nathan's Famous by 75.7% during the second quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator's stock worth $98,000 after acquiring an additional 381 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Nathan's Famous by 10.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,106 shares of the restaurant operator's stock valued at $103,000 after acquiring an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company's stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "buy (b-)" rating on shares of Nathan's Famous in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Nathan's Famous has an average rating of "Buy".

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.

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