Nathan's Famous, Inc. (NATH) to Issue Special Dividend of $5.00 on January 4th

Nathan's Famous, Inc. (NASDAQ:NATH) declared a special dividend on Friday, November 3rd, Wall Street Journal reports. Stockholders of record on Friday, December 22nd will be paid a dividend of 5.00 per share by the restaurant operator on Thursday, January 4th. The ex-dividend date is Thursday, December 21st.

Nathan's Famous (NASDAQ:NATH) opened at $84.45 on Wednesday. The company has a current ratio of 7.07, a quick ratio of 7.01 and a debt-to-equity ratio of -2.19. The stock has a market cap of $357.15, a P/E ratio of 48.22 and a beta of 0.32. Nathan's Famous has a 1 year low of $52.90 and a 1 year high of $100.90.

Nathan's Famous (NASDAQ:NATH) last posted its quarterly earnings data on Friday, November 3rd. The restaurant operator reported $0.74 earnings per share for the quarter. Nathan's Famous had a net margin of 7.34% and a negative return on equity of 11.59%. The firm had revenue of $31.61 million for the quarter.

Separately, BidaskClub lowered shares of Nathan's Famous from a “hold” rating to a “sell” rating in a research report on Friday, December 15th.

In related news, Director Brian S. Genson sold 2,000 shares of Nathan's Famous stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $95.56, for a total value of $191,120.00. Following the transaction, the director now directly owns 17,614 shares in the company, valued at approximately $1,683,193.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 32.60% of the company’s stock.

An institutional investor recently raised its position in Nathan's Famous stock. The Manufacturers Life Insurance Company boosted its position in Nathan's Famous, Inc. (NASDAQ:NATH) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 0.06% of Nathan's Famous worth $155,000 as of its most recent SEC filing. 38.89% of the stock is owned by institutional investors and hedge funds.

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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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