Nathan’s Famous (NASDAQ:NATH) Shares Cross Above 200-Day Moving Average – What’s Next?

Nathan’s Famous, Inc. (NASDAQ:NATH)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $100.82 and traded as high as $101.25. Nathan’s Famous shares last traded at $101.12, with a volume of 46,313 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Nathan’s Famous in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Nathan’s Famous Stock Up 0.3%

The business has a 50 day moving average price of $94.36 and a two-hundred day moving average price of $100.82. The stock has a market cap of $413.58 million, a P/E ratio of 18.22 and a beta of 0.34.

Nathan’s Famous (NASDAQ:NATH) last issued its earnings results on Thursday, November 6th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter. Nathan’s Famous had a negative return on equity of 180.07% and a net margin of 14.74%.The company had revenue of $45.69 million for the quarter.

Nathan’s Famous Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 24th were given a dividend of $0.50 per share. The ex-dividend date was Monday, November 24th. This represents a $2.00 annualized dividend and a dividend yield of 2.0%. Nathan’s Famous’s dividend payout ratio (DPR) is presently 36.04%.

Hedge Funds Weigh In On Nathan’s Famous

Several institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its holdings in Nathan’s Famous by 204.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator’s stock valued at $43,000 after acquiring an additional 260 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Nathan’s Famous by 142.0% in the second quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock worth $77,000 after purchasing an additional 406 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Nathan’s Famous by 351.6% in the fourth quarter. State of Alaska Department of Revenue now owns 1,007 shares of the restaurant operator’s stock worth $93,000 after buying an additional 784 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Nathan’s Famous by 75.7% in the second quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator’s stock worth $98,000 after buying an additional 381 shares in the last quarter. Finally, Promus Capital LLC bought a new position in Nathan’s Famous during the third quarter valued at approximately $101,000. 66.54% of the stock is owned by hedge funds and other institutional investors.

Nathan’s Famous Company Profile

Nathan’s Famous Inc is a quick-service restaurant company known for its signature all-beef hot dogs and classic American fast-food offerings. The company operates and franchises a network of dining outlets under the Nathan’s Famous brand, serving items such as hamburgers, chicken sandwiches, french fries and specialty sides. In addition to its restaurant business, Nathan’s Famous markets frozen and refrigerated products to retail and foodservice customers across North America.

The company traces its origins to 1916, when founder Nathan Handwerker opened a modest walk-up stand on Coney Island in Brooklyn, New York.