Nathan's Famous Inc (NATH) released its fourth quarter results on Friday, June 11, 2021. The company reported net earnings of $0.50 per share for the fourth quarter ending March 31, 2021. Earnings for this past quarter declined 34 percent compared to the same period a year ago.
Nathan's Famous, Inc. was founded in 1916 and is based in Jericho, New York. 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.
Nathan's Famous' revenue decreased 27 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 49.49% for the fourth quarter compared to the same period in the previous year, and operating margins decreased to 29.72% over the same period. Net earnings for past trailing twelve months were $11.08 million, down 18% from the prior year.
Moving on to the balance sheet, Nathan's Famous' cash levels jumped 5% for the fourth quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 5.62% this past year. The current ratio for Nathan's Famous now stands at 6.49. The company decreased shares outstanding by 0.64%.
Shares of NATH are currently trading around $70.10. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 26.06.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Monday, June 14, 2021.