Nathan’s Famous, Inc. (NATH) Issues Earnings Results
Nathan’s Famous, Inc. (NASDAQ:NATH) released its quarterly earnings results on Friday. The restaurant operator reported $0.74 earnings per share for the quarter, Bloomberg Earnings reports. The business had revenue of $31.61 million during the quarter. Nathan’s Famous had a net margin of 6.99% and a negative return on equity of 10.34%.
Shares of Nathan’s Famous (NASDAQ NATH) traded up $11.05 during mid-day trading on Friday, reaching $92.00. 23,526 shares of the company’s stock traded hands, compared to its average volume of 14,443. The company has a debt-to-equity ratio of -2.07, a quick ratio of 4.68 and a current ratio of 4.73. The firm has a market cap of $384.47 million, a price-to-earnings ratio of 49.66 and a beta of 0.24. Nathan’s Famous has a 52 week low of $47.20 and a 52 week high of $92.95.
The business also recently disclosed a special dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 22nd will be issued a dividend of $5.00 per share. The ex-dividend date is Thursday, December 21st.
Separately, BidaskClub lowered shares of Nathan’s Famous from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd.
A hedge fund recently raised its stake in Nathan’s Famous stock. The Manufacturers Life Insurance Company increased its position in Nathan’s Famous, Inc. (NASDAQ:NATH) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,471 shares of the restaurant operator’s stock after buying 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. Institutional investors own 41.33% of the company’s stock.
About Nathan’s Famous
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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