Revenue Update on Nathan's Famous(NASDAQ:NATH)

Nathan's Famous(NASDAQ:NATH) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during Pre-Market on Feb 3, 2017. Earnings per share were $0.17.

Nathan's Famous (NATH) made into the market gainers list on Tuesdays trading session with the shares advancing 0.24% or 0.15 points. Due to strong positive momentum, the stock ended at $61.7, which is also near the day’s high of $62.5. The stock began the session at $62.2 and the volume stood at 6,591 shares. The 52-week high of the shares is $66.8 and the 52 week low is $40.04. The company has a current market capitalization of $258 M and it has 41,76,497 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 6, 2016, Brian S Genson (director) sold 4,000 shares at $61.47 per share price.Also, On Aug 19, 2016, Randy Watts (VP – Franchise Operations) sold 1,400 shares at $48.06 per share price.On Feb 19, 2016, Robert J Eide (director) sold 12,500 shares at $49.15 per share price, according to the Form-4 filing with the securities and exchange commission.

Nathan’s Famous Inc. (Nathan’s) is a licensor wholesaler and retailer of products marketed under Nathan’s Famous brand. Its products are marketed in approximately 53000 locations including supermarkets mass merchandisers and club stores selected foodservice locations and Company-owned and franchised restaurants. The Company uses its Arthur Treacher’s brand products and trademarks as a branded seafood menu-line extension for inclusion in certain Nathan’s Famous restaurants. The Company operates approximately 296 franchised units and five Company-owned units (including one seasonal unit) located in 27 states the Cayman Islands and 10 foreign countries. Its Branded Product Program distributes Nathan’s Beef Hot Dogs throughout the United States the District of Columbia Puerto Rico Canada the United States Virgin Islands Guam and Mexico. It also offers Nathan’s packaged hot dogs and other products for sale in approximately 39000 supermarkets and club stores in 50 states.

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