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

Nathan’s Famous, Inc. (NASDAQ:NATH) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $81.86 and traded as high as $100.88. Nathan’s Famous shares last traded at $100.15, with a volume of 9,815 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com raised Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 11th.

Nathan’s Famous Stock Performance

The firm has a fifty day moving average price of $83.32 and a two-hundred day moving average price of $82.20. The stock has a market capitalization of $409.41 million, a P/E ratio of 17.26 and a beta of 0.25.

Nathan’s Famous (NASDAQ:NATH) last announced its earnings results on Thursday, February 6th. The restaurant operator reported $1.10 EPS for the quarter. Nathan’s Famous had a negative return on equity of 96.05% and a net margin of 16.19%.

Nathan’s Famous Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a yield of 2.00%. Nathan’s Famous’s dividend payout ratio is currently 34.48%.

Hedge Funds Weigh In On Nathan’s Famous

Institutional investors have recently bought and sold shares of the stock. Royce & Associates LP raised its holdings in Nathan’s Famous by 15.6% during the fourth quarter. Royce & Associates LP now owns 139,528 shares of the restaurant operator’s stock valued at $10,968,000 after acquiring an additional 18,851 shares during the period. Crawford Fund Management LLC raised its holdings in Nathan’s Famous by 11.9% during the third quarter. Crawford Fund Management LLC now owns 97,660 shares of the restaurant operator’s stock valued at $7,901,000 after acquiring an additional 10,350 shares during the period. Geode Capital Management LLC raised its holdings in Nathan’s Famous by 3.3% during the third quarter. Geode Capital Management LLC now owns 63,252 shares of the restaurant operator’s stock valued at $5,118,000 after acquiring an additional 2,011 shares during the period. Northern Trust Corp raised its holdings in Nathan’s Famous by 1.6% during the fourth quarter. Northern Trust Corp now owns 27,011 shares of the restaurant operator’s stock valued at $2,123,000 after acquiring an additional 426 shares during the period. Finally, Annex Advisory Services LLC raised its holdings in Nathan’s Famous by 21.9% during the fourth quarter. Annex Advisory Services LLC now owns 17,953 shares of the restaurant operator’s stock valued at $1,411,000 after acquiring an additional 3,221 shares during the period. 66.54% of the stock is owned by institutional investors.

Nathan’s Famous Company Profile

Nathan’s Famous, Inc engages in the operation of franchised fast-food units. It is involved in the licensing, wholesaling, and retailing of products marketed under the Nathan’s Famous brand. The firm operates through the following business segments: Branded Product Program, Product Licensing, Restaurant Operations, and Corporate.