Nathan’s Famous (NASDAQ:NATH) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Nathan’s Famous, Inc. (NASDAQ:NATH) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $100.95 and traded as high as $101.25. Nathan’s Famous shares last traded at $100.75, with a volume of 61,146 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nathan’s Famous in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Nathan’s Famous presently has a consensus rating of “Buy”.

Nathan’s Famous Trading Down 0.1%

The stock has a fifty day simple moving average of $96.00 and a two-hundred day simple moving average of $100.95. The company has a market cap of $412.07 million, a PE ratio of 19.38 and a beta of 0.34.

Nathan’s Famous (NASDAQ:NATH) last posted its quarterly earnings results on Thursday, February 5th. The restaurant operator reported $0.75 EPS for the quarter. Nathan’s Famous had a negative return on equity of 182.42% and a net margin of 13.59%.The business had revenue of $34.31 million during the quarter.

Nathan’s Famous Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, February 17th. Nathan’s Famous’s payout ratio is presently 38.46%.

Institutional Trading of Nathan’s Famous

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its holdings in Nathan’s Famous by 204.7% during the second quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator’s stock worth $43,000 after buying an additional 260 shares in the last quarter. State of Wyoming acquired a new stake in shares of Nathan’s Famous during the 4th quarter valued at approximately $59,000. Legal & General Group Plc boosted its stake in shares of Nathan’s Famous by 142.0% during the 2nd quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock worth $77,000 after acquiring an additional 406 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Nathan’s Famous by 351.6% during the 4th quarter. State of Alaska Department of Revenue now owns 1,007 shares of the restaurant operator’s stock worth $93,000 after acquiring an additional 784 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Nathan’s Famous by 75.7% in the 2nd quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 381 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

About Nathan’s Famous

Nathan’s Famous Inc is a quick-service restaurant company known for its signature all-beef hot dogs and classic American fast-food offerings. The company operates and franchises a network of dining outlets under the Nathan’s Famous brand, serving items such as hamburgers, chicken sandwiches, french fries and specialty sides. In addition to its restaurant business, Nathan’s Famous markets frozen and refrigerated products to retail and foodservice customers across North America.

The company traces its origins to 1916, when founder Nathan Handwerker opened a modest walk-up stand on Coney Island in Brooklyn, New York.