Nathan's Famous - NATH Stock Forecast, Price & News

Nathan's Famous, Inc., together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels. In addition, the company has license agreements to manufacture Nathan's Famous branded hot dog and sausage products in bulk for use in the food service industry; for supplying Nathan's Famous natural casing and skinless hot dogs in bulk for use in the Nathan's Famous restaurant system; to manufacture proprietary spices; to produce and distribute sauerkraut and pickles; to produce and sell French fries and onion rings for retail sale; and to produce and sell miniature bagel dogs, franks-in-a-blanket, mozzarella sticks, and other hors d'oeuvres through club stores, supermarkets, and other retail food stores. Further, the company sells Nathan's products directly to foodservice operators or to various foodservice distributors, as well as provides Arthur Treacher's brand fish fillets. As of March 27, 2022, its restaurant system consisted of four company-owned units in the New York City metropolitan area; and 239 franchised units in 18 states and 12 foreign countries. Nathan's Famous, Inc. was founded in 1916 and is based in Jericho, New York.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Nathan's Famous from a "buy" rating to a "strong-buy" rating in a research report on Monday.

Nathan's Famous Price Performance

Shares of NATH Stock traded up $0.36 during midday trading on Friday, reaching $58.00. 10 shares of the company traded hands, compared to its average volume of 6,897. The firm's 50 day simple moving average is $54.90 and its two-hundred day simple moving average is $53.59. Nathan's Famous has a 1-year low of $45.50 and a 1-year high of $72.30. The firm has a market cap of $236.64 million, a PE ratio of 15.84 and a beta of 0.28.

Nathan's Famous (NASDAQ:NATH - Get Rating) last posted its quarterly earnings results on Friday, August 5th. The restaurant operator reported $1.74 earnings per share (EPS) for the quarter. Nathan's Famous had a net margin of 12.14% and a negative return on equity of 27.59%. The company had revenue of $39.72 million during the quarter.

Nathan's Famous Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Monday, August 22nd will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, August 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.10%. Nathan's Famous's dividend payout ratio (DPR) is 49.45%.