These stocks are the best “BUYS” for investors. Any forward looking estimates presented by Quantalytics may prove to be incorrect and not be realized. Hot dog and restaurant company Nathan's Famous said that it received a $1.2 million loan under the Paycheck Protection Program (PPP) and will return the money, according to an SEC filing. Email me at firstname.lastname@example.org, © 2020 Forbes Media LLC. All Rights Reserved, This is a BETA experience. Any data, information, or opinions presented by Quantalytics are for general information purposes only. For one day every year, the spotlight shines bright on Major League Eating. We want to hear from you. "Only three of our four company-owned restaurants are currently open, and those three company-owned restaurants are only offering food through take-out and delivery as we are prohibited from offering dine-in seating and service at our restaurants. Less well known: its Chinese billionaire owner. The company also said its restaurants are being affected by the Covid-19 outbreak. D-RATED STOCKS are those stocks our Big Data multi-factor models score as moderately probable to fall in price. All investments and investment recommendations entail risks. His son, Wan Hongjian, is now the deputy chairman and vice president of the group. His son, Wan Hongjian, is now the deputy chairman and vice president of the group. The company did not immediately respond to CNBC's request for comment. It engages in the marketing of the Nathan's Famous brand and the sale of products bearing the Nathan's Famous trademarks through several different channels of distribution. On Wednesday morning, Nathan's Famous said it would pay a $25 a share special dividend to investors, or roughly 34.9% of its Tuesday closing stock price. Sign up for free newsletters and get more CNBC delivered to your inbox. A person wearing a protective mask arrives to pick up food at a Nathan's Famous restaurant near the Coney Island Boardwalk in the Brooklyn borough of New York, on Monday, April 20, 2020. Joey Chestnut And Miki Sudo Extend Nathan’s Famous Winning Streaks, Break Records, DraftKings’ Oddsmaker Talks About Handicapping A (Hot) Dog Day Afternoon, Photos: Crowds Flock To Beaches And Lakes For Memorial Day Weekend, Potbelly, Shake Shack, Axios: Here Are All The Companies Returning PPP Money After Public Backlash, The Chinese Billionaire Whose Company Owns Troubled Pork Processor Smithfield Foods, Restaurant Stocks Fizzle And Sizzle As Nation Navigates Finding Food During Coronavirus Crisis, 2017 Nathan's Hot Dog Eating Contest: By The Numbers, Nathan's Famous Becomes MLB's First-Ever Official Hot Dog, 2016 Nathan's Hot Dog Eating Contest: By The Numbers, Hot Dog! The company said it was granted the loan on April 21, according to the 8-K. Nathan's said it applied before new guidance from the federal government strongly discouraged public companies from filing for the loans. Artist Chris Kappmeier's "Iconic New York" series paints a unique Big Apple architectural story amid the COVID-19 pandemic. Got a confidential news tip? All Rights Reserved. It’s been a wild time to invest in restaurant companies, with the market showing extremes of appetite. The data, information and opinions presented have been obtained or derived from sources believed by Quantalytics to be reliable. It may come as a surprise that baseball has never had one, but today Nathan's Famous becomes the Official Hot Dog of Major League Baseball. Holly Pickett | Bloomberg via Getty Images, stream of publicly traded companies to announce plans to return the loan money.
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