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

Nathan’s Famous, Inc. (NASDAQ:NATH)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $86.20 and traded as high as $96.63. Nathan’s Famous shares last traded at $96.38, with a volume of 12,487 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 5th.

Nathan’s Famous Stock Performance

The stock has a fifty day moving average of $92.54 and a 200-day moving average of $86.33. The company has a market cap of $391.93 million, a PE ratio of 16.53 and a beta of 0.15.

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

Nathan’s Famous Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a $0.50 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a yield of 2.09%. Nathan’s Famous’s dividend payout ratio is currently 34.48%.

Institutional Trading of Nathan’s Famous

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in Nathan’s Famous during the 4th quarter valued at $109,000. AdvisorShares Investments LLC bought a new stake in shares of Nathan’s Famous in the fourth quarter valued at about $149,000. Wells Fargo & Company MN grew its holdings in Nathan’s Famous by 45.1% during the 4th quarter. Wells Fargo & Company MN now owns 2,056 shares of the restaurant operator’s stock worth $162,000 after acquiring an additional 639 shares in the last quarter. Bank of America Corp DE increased its position in Nathan’s Famous by 30.8% during the 4th quarter. Bank of America Corp DE now owns 2,820 shares of the restaurant operator’s stock valued at $222,000 after purchasing an additional 664 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Nathan’s Famous by 27.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,697 shares of the restaurant operator’s stock valued at $291,000 after purchasing an additional 803 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

About Nathan’s Famous

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.