Nathan’s Famous (NASDAQ:NATH) released its earnings results on Friday. The restaurant operator reported $1.28 earnings per share for the quarter, Bloomberg Earnings reports. The firm had revenue of $30.52 million for the quarter. Nathan’s Famous had a net margin of 21.10% and a negative return on equity of 17.91%.
Shares of NASDAQ:NATH traded up $0.03 during midday trading on Friday, reaching $70.33. The company’s stock had a trading volume of 4,247 shares, compared to its average volume of 4,658. The business has a 50 day moving average of $73.67. The stock has a market capitalization of $293.81 million, a price-to-earnings ratio of 21.59 and a beta of 0.23. Nathan’s Famous has a 12-month low of $62.20 and a 12-month high of $93.00.
Separately, BidaskClub downgraded shares of Nathan’s Famous from a “buy” rating to a “hold” rating in a research report on Thursday, July 18th.
Nathan's Famous, Inc, together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.
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