Nathan’s Famous, Inc. (NATH) Plans $5.00 Special Dividend
Nathan’s Famous, Inc. (NASDAQ:NATH) declared a special dividend on Friday, November 3rd, Wall Street Journal reports. Stockholders of record on Friday, December 22nd will be given a dividend of 5.00 per share by the restaurant operator on Thursday, January 4th. The ex-dividend date of this dividend is Thursday, December 21st.
Nathan’s Famous (NASDAQ:NATH) traded up $11.80 during midday trading on Friday, hitting $92.00. The stock had a trading volume of 21,981 shares, compared to its average volume of 13,502. The company has a market capitalization of $338.29 million, a price-to-earnings ratio of 49.66 and a beta of 0.24.
Nathan’s Famous (NASDAQ:NATH) last posted its quarterly earnings data on Friday, August 4th. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter. The company had revenue of $30.92 million for the quarter. Nathan’s Famous had a net margin of 6.99% and a negative return on equity of 10.34%.
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An institutional investor recently raised its position in Nathan’s Famous stock. The Manufacturers Life Insurance Company boosted its position in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) by 0.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,471 shares of the restaurant operator’s stock after acquiring an additional 13 shares during the period. The Manufacturers Life Insurance Company owned 0.06% of Nathan’s Famous worth $155,000 at the end of the most recent quarter. 41.33% of the stock is owned by institutional investors.
Separately, BidaskClub cut shares of Nathan’s Famous from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th.
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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