Nathan’s Famous (NASDAQ:NATH) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Nathan’s Famous, Inc. (NASDAQ:NATH) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $73.22 and traded as high as $87.00. Nathan’s Famous shares last traded at $86.06, with a volume of 6,606 shares traded.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th.

Nathan’s Famous Trading Down 0.8 %

The firm has a 50 day moving average of $80.86 and a 200-day moving average of $73.38. The company has a market cap of $344.08 million, a P/E ratio of 17.51 and a beta of 0.22.

Nathan’s Famous (NASDAQ:NATH) last released its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $2.27 earnings per share (EPS) for the quarter. Nathan’s Famous had a net margin of 15.21% and a negative return on equity of 66.80%. The firm had revenue of $44.77 million for the quarter.

Nathan’s Famous Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Monday, August 26th. Nathan’s Famous’s payout ratio is currently 41.58%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Gladius Capital Management LP purchased a new stake in shares of Nathan’s Famous in the second quarter worth about $32,000. Meixler Investment Management Ltd. bought a new stake in Nathan’s Famous in the 1st quarter worth approximately $322,000. BNP Paribas Financial Markets raised its holdings in shares of Nathan’s Famous by 5.3% during the 1st quarter. BNP Paribas Financial Markets now owns 4,546 shares of the restaurant operator’s stock worth $322,000 after acquiring an additional 230 shares in the last quarter. Amica Mutual Insurance Co. purchased a new stake in shares of Nathan’s Famous during the 2nd quarter worth approximately $407,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of Nathan’s Famous by 9.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,556 shares of the restaurant operator’s stock valued at $747,000 after acquiring an additional 905 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

About Nathan’s Famous

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. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.