StockNews.com upgraded shares of Nathan’s Famous (NASDAQ:NATH – Free Report) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.
Nathan’s Famous Trading Up 1.2 %
NATH opened at $69.40 on Friday. Nathan’s Famous has a 12-month low of $61.35 and a 12-month high of $82.00. The firm has a 50 day moving average of $68.00 and a two-hundred day moving average of $69.44. The firm has a market capitalization of $283.15 million, a PE ratio of 14.43 and a beta of 0.23.
Nathan’s Famous Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Monday, June 24th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.88%. Nathan’s Famous’s payout ratio is 41.58%.
Institutional Inflows and Outflows
Nathan’s Famous Company Profile
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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