Nathan’s Famous (NASDAQ:NATH) Stock Passes Above 200 Day Moving Average – What’s Next?

Nathan’s Famous, Inc. (NASDAQ:NATH) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $99.23 and traded as high as $101.47. Nathan’s Famous shares last traded at $100.79, with a volume of 23,016 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Nathan’s Famous from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Nathan’s Famous has a consensus rating of “Buy”.

Nathan’s Famous Price Performance

The firm’s fifty day moving average price is $101.21 and its two-hundred day moving average price is $99.23. The stock has a market cap of $412.23 million, a price-to-earnings ratio of 20.78 and a beta of 0.28.

Nathan’s Famous (NASDAQ:NATH) last released its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter. The company had revenue of $35.07 million for the quarter. Nathan’s Famous had a net margin of 12.35% and a negative return on equity of 179.01%.

Nathan’s Famous Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, June 22nd. Nathan’s Famous’s dividend payout ratio is 41.24%.

Institutional Investors Weigh In On Nathan’s Famous

A number of hedge funds have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL increased its holdings in shares of Nathan’s Famous by 6.7% during the first quarter. Gamco Investors INC. ET AL now owns 291,086 shares of the restaurant operator’s stock valued at $29,321,000 after acquiring an additional 18,250 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of Nathan’s Famous by 9.2% in the 1st quarter. Gabelli Funds LLC now owns 187,000 shares of the restaurant operator’s stock worth $18,837,000 after purchasing an additional 15,800 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Nathan’s Famous by 8.7% in the 1st quarter. Renaissance Technologies LLC now owns 154,356 shares of the restaurant operator’s stock worth $15,548,000 after purchasing an additional 12,300 shares in the last quarter. Vanguard Group Inc. grew its position in Nathan’s Famous by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 138,170 shares of the restaurant operator’s stock valued at $15,301,000 after purchasing an additional 912 shares during the period. Finally, Geode Capital Management LLC grew its position in Nathan’s Famous by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 64,279 shares of the restaurant operator’s stock valued at $6,016,000 after purchasing an additional 1,083 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

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.