Nathan’s Famous, Inc. (NATH) Releases Earnings Results
Nathan’s Famous, Inc. (NASDAQ:NATH) posted its quarterly earnings results on Friday. The restaurant operator reported $0.69 earnings per share for the quarter, Bloomberg Earnings reports. Nathan’s Famous had a net margin of 7.74% and a negative return on equity of 11.00%. The business had revenue of $30.92 million for the quarter.
Nathan’s Famous (NATH) traded down 0.17% during trading on Friday, reaching $60.50. 27,766 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $64.06 and a 200-day moving average price of $63.52. The firm has a market cap of $252.83 million, a PE ratio of 33.99 and a beta of 0.25. Nathan’s Famous has a 12 month low of $44.46 and a 12 month high of $71.95.
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Separately, BidaskClub downgraded shares of Nathan’s Famous from a “hold” rating to a “sell” rating in a research note on Wednesday.
Nathan’s Famous Company Profile
Nathan’s Famous, Inc (Nathan’s) is a licensor, wholesaler and retailer of products marketed under Nathan’s Famous brand. The Company’s products are marketed for sale in approximately 55,000 locations, including supermarkets, mass merchandisers and club stores, selected foodservice locations and Company-owned and franchised restaurants throughout the United States and in over 10 foreign territories and countries.
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