Nathan’s Famous (NASDAQ:NATH) Stock Passes Below 200 Day Moving Average – Time to Sell?

Nathan’s Famous, Inc. (NASDAQ:NATH) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $78.74 and traded as low as $78.61. Nathan’s Famous shares last traded at $78.61, with a volume of 7,238 shares trading hands.

Nathan’s Famous Stock Performance

The stock’s 50 day simple moving average is $84.80 and its 200 day simple moving average is $78.74. The firm has a market cap of $321.12 million, a P/E ratio of 14.72 and a beta of 0.22.

Nathan’s Famous Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.54%. Nathan’s Famous’s dividend payout ratio is presently 37.45%.

Institutional Trading of Nathan’s Famous

Several hedge funds have recently added to or reduced their stakes in NATH. GSA Capital Partners LLP purchased a new stake in shares of Nathan’s Famous during the 3rd quarter worth approximately $309,000. Barclays PLC grew its holdings in Nathan’s Famous by 271.3% during the third quarter. Barclays PLC now owns 4,084 shares of the restaurant operator’s stock valued at $330,000 after purchasing an additional 2,984 shares during the period. Seizert Capital Partners LLC grew its holdings in Nathan’s Famous by 21.6% during the third quarter. Seizert Capital Partners LLC now owns 4,624 shares of the restaurant operator’s stock valued at $374,000 after purchasing an additional 821 shares during the period. JPMorgan Chase & Co. increased its position in Nathan’s Famous by 125.5% in the third quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator’s stock worth $384,000 after buying an additional 2,640 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Nathan’s Famous by 2.8% in the third quarter. Janney Montgomery Scott LLC now owns 11,234 shares of the restaurant operator’s stock valued at $909,000 after buying an additional 310 shares during the period. 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.