Frisch’s Restaurants Inc. Announces Quarterly Dividend of $0.18 (FRS)
Frisch’s Restaurants (NYSE:FRS) declared a quarterly dividend on Thursday, September 12th, American Banking & Market News reports. Shareholders of record on Thursday, September 26th will be given a dividend of $0.18 per share on Thursday, October 10th. This represents a $0.72 dividend on an annualized basis and a yield of 3.61%.
A number of research firms have recently commented on FRS. Analysts at Sidoti upgraded shares of Frisch’s Restaurants (NYSE:FRS) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, July 25th. Analysts at Thomson Reuters/Verus upgraded shares of Frisch’s Restaurants (NYSE:FRS) from a “hold” rating to a “buy” rating in a research note to investors on Monday, July 15th.
Shares of Frisch’s Restaurants (NYSE:FRS) opened at 19.95 on Thursday. Frisch’s Restaurants has a 1-year low of $15.76 and a 1-year high of $33.00. The stock has a 50-day moving average of $20.52 and a 200-day moving average of $18.35. The company has a market cap of $101.2 million and a price-to-earnings ratio of 14.79.
Frisch’s Restaurants (NYSE:FRS) last announced its earnings results on Wednesday, July 24th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.20. The company had revenue of $48.79 million for the quarter, compared to the consensus estimate of $47.50 million. On average, analysts predict that Frisch’s Restaurants will post $1.41 earnings per share for the current fiscal year.
Frisch’s Restaurants, Inc, is a regional company that operates service family-style restaurants under the name Frisch’s Big Boy.
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