Nathan’s Famous (NASDAQ:NATH) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Nathan’s Famous, Inc. (NASDAQ:NATH) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $100.14 and traded as low as $97.96. Nathan’s Famous shares last traded at $98.18, with a volume of 21,337 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Nathan’s Famous in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Nathan’s Famous currently has an average rating of “Buy”.

Nathan’s Famous Trading Down 0.1%

The stock has a fifty day moving average of $100.76 and a 200-day moving average of $100.14. The firm has a market capitalization of $401.95 million, a price-to-earnings ratio of 20.24 and a beta of 0.27.

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

Nathan’s Famous Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, June 22nd. Nathan’s Famous’s payout ratio is presently 41.24%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NATH. Tower Research Capital LLC TRC increased its position in shares of Nathan’s Famous by 204.7% in the second quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator’s stock worth $43,000 after acquiring an additional 260 shares in the last quarter. State of Wyoming purchased a new stake in shares of Nathan’s Famous in the 4th quarter valued at approximately $59,000. Legal & General Group Plc lifted its position in shares of Nathan’s Famous by 142.0% in the 2nd quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock valued at $77,000 after acquiring an additional 406 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Nathan’s Famous by 351.6% in the 4th quarter. State of Alaska Department of Revenue now owns 1,007 shares of the restaurant operator’s stock worth $93,000 after purchasing an additional 784 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in Nathan’s Famous by 75.7% in the 2nd quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 381 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.

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.