Nathan’s Famous, Inc. (NASDAQ:NATH) Director Brian S. Genson sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $95.56, for a total value of $191,120.00. Following the transaction, the director now owns 17,614 shares of the company’s stock, valued at $1,683,193.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Nathan’s Famous, Inc. (NATH) traded down $0.05 on Monday, reaching $93.95. The company’s stock had a trading volume of 6,289 shares, compared to its average volume of 12,027. The firm has a market capitalization of $393.35, a P/E ratio of 53.11 and a beta of 0.32. The company has a debt-to-equity ratio of -2.19, a current ratio of 7.07 and a quick ratio of 7.01. Nathan’s Famous, Inc. has a 12-month low of $52.90 and a 12-month high of $100.90.
Nathan’s Famous (NASDAQ:NATH) last posted its quarterly earnings results on Friday, November 3rd. The restaurant operator reported $0.74 earnings per share (EPS) for the quarter. The company had revenue of $31.61 million for the quarter. Nathan’s Famous had a negative return on equity of 11.59% and a net margin of 7.34%.
The business also recently declared a special dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 22nd will be issued a $5.00 dividend. The ex-dividend date of this dividend is Thursday, December 21st.
Several hedge funds and other institutional investors have recently bought and sold shares of NATH. Russell Investments Group Ltd. bought a new position in shares of Nathan’s Famous in the second quarter valued at $150,000. The Manufacturers Life Insurance Company raised its stake in Nathan’s Famous by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,471 shares of the restaurant operator’s stock valued at $155,000 after purchasing an additional 13 shares during the period. Rhumbline Advisers acquired a new stake in Nathan’s Famous during the 3rd quarter valued at $228,000. New York State Common Retirement Fund raised its stake in Nathan’s Famous by 35.7% during the 2nd quarter. New York State Common Retirement Fund now owns 3,800 shares of the restaurant operator’s stock valued at $239,000 after purchasing an additional 999 shares during the period. Finally, Numeric Investors LLC acquired a new stake in Nathan’s Famous during the 2nd quarter valued at $290,000. 38.89% of the stock is currently owned by institutional investors.
Separately, BidaskClub downgraded Nathan’s Famous from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th.
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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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