Nathan’s Famous (NASDAQ:NATH) Stock Price Crosses Below 200-Day Moving Average of $69.24

Nathan’s Famous, Inc. (NASDAQ:NATH)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $69.24 and traded as low as $65.24. Nathan’s Famous shares last traded at $65.31, with a volume of 4,395 shares.

Nathan’s Famous Price Performance

The company has a market cap of $266.46 million, a PE ratio of 14.05 and a beta of 0.24. The firm has a 50-day simple moving average of $68.47 and a two-hundred day simple moving average of $69.24.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings data on Thursday, February 1st. The restaurant operator reported $0.64 EPS for the quarter. The business had revenue of $28.89 million during the quarter. Nathan’s Famous had a negative return on equity of 49.23% and a net margin of 13.84%.

Nathan’s Famous Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Friday, February 16th. Nathan’s Famous’s dividend payout ratio is currently 43.01%.

Institutional Investors Weigh In On Nathan’s Famous

Hedge funds and other institutional investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL grew its position in shares of Nathan’s Famous by 1.3% in the third quarter. Gamco Investors INC. ET AL now owns 271,115 shares of the restaurant operator’s stock valued at $19,157,000 after purchasing an additional 3,400 shares during the period. Annex Advisory Services LLC boosted its holdings in Nathan’s Famous by 26.5% in the third quarter. Annex Advisory Services LLC now owns 7,231 shares of the restaurant operator’s stock valued at $511,000 after acquiring an additional 1,515 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Nathan’s Famous by 32.4% in the third quarter. Janney Montgomery Scott LLC now owns 8,193 shares of the restaurant operator’s stock valued at $579,000 after acquiring an additional 2,003 shares during the last quarter. Gladius Capital Management LP acquired a new position in Nathan’s Famous in the third quarter valued at $32,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Nathan’s Famous during the third quarter worth about $107,000. 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.