StockNews.com reduced shares of Nathan’s Famous (NASDAQ:NATH – Free Report) from a strong buy recommendation to a buy recommendation in a research report published on Monday morning.
Nathan’s Famous Trading rose 1.0%
NASDAQ:NATH opened at $69.95 on Monday. Nathan’s Famous has a 12-month low of $61.35 and a 12-month high of $82.00. The company’s 50-day moving average is $68.29 and its 200-day moving average is $69.34. The stock has a market cap of $285.40 million, a P/E ratio of 14.54 and a beta of 0.23.
Nathan’s Famous (NASDAQ:NATH – Free Report) last released its quarterly earnings results on Wednesday, June 12. The restaurant operator reported earnings per share of $0.96 for the quarter. The company had revenue of $28.99 million during the quarter. Nathan’s Famous had a negative return on equity of 55.06% and a net margin of 14.15%.
Nathan’s Famous announces dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 2. Investors of record on Monday, June 24th were given a dividend of $0.50 per share. This represents a dividend of $2.00 on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Monday, June 24th. Nathan’s Famous’s payout ratio is currently 41.58%.
Institutional investors comment on Nathan’s famous
Several institutional investors have recently made changes to their positions in NATH. Tower Research Capital LLC TRC increased its stake in shares of Nathan’s Famous by 102.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 336 shares of the restaurant operator’s stock worth $26,000 after buying an additional 170 shares during the same period. BNP Paribas Financial Markets increased its stake in shares of Nathan’s Famous by 5.3% in the first quarter. BNP Paribas Financial Markets now owns 4,546 shares of the restaurant operator’s stock worth $322,000 after buying an additional 230 shares during the same period. Gladius Capital Management LP acquired a new stake in shares of Nathan’s Famous in the third quarter valued at about $32,000. Janney Montgomery Scott LLC increased its stake in shares of Nathan’s Famous by 9.4% in the first quarter. Janney Montgomery Scott LLC now owns 10,556 shares of the restaurant operator’s stock valued at $747,000 after acquiring an additional 905 shares during the same period. Finally, Corsair Capital Management LP increased its stake in Nathan’s Famous by 14.5% in the fourth quarter. Corsair Capital Management LP now owns 7,890 shares of the restaurant operator’s stock valued at $615,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.
Nathan’s famous company profile
(Get free report)
Nathan’s Famous, Inc., together with its subsidiaries, is engaged in the food service business. The Company owns and operates restaurants under the Nathan’s Famous brand name and sells products bearing the Nathan’s Famous brands through various distribution channels. It also has licensing agreements for the manufacture, distribution, marketing and sale of Nathan’s Famous branded hot dogs, sausages and corned beef products in refrigerated consumer packages for resale through retail channels, such as supermarkets, grocery stores, mass merchandisers and club stores, and other Nathan’s Famous branded refrigerated meat products in consumer packages for resale through retail channels.
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