Nathan’s Famous (NASDAQ:NATH) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Nathan’s Famous, Inc. (NASDAQ:NATH)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $100.54 and traded as low as $100.40. Nathan’s Famous shares last traded at $100.55, with a volume of 17,906 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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 data from MarketBeat.com, the company currently has an average rating of “Buy”.

Nathan’s Famous Price Performance

The firm has a 50-day moving average of $100.07 and a 200 day moving average of $100.54. The company has a market capitalization of $411.25 million, a PE ratio of 19.34 and a beta of 0.33.

Nathan’s Famous (NASDAQ:NATH) last issued its earnings results on Thursday, February 5th. The restaurant operator reported $0.75 earnings per share for the quarter. The business had revenue of $34.31 million during the quarter. Nathan’s Famous had a negative return on equity of 182.42% and a net margin of 13.59%.

Nathan’s Famous Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were paid a $0.50 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.0%. Nathan’s Famous’s payout ratio is currently 38.46%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its holdings in Nathan’s Famous by 10.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,106 shares of the restaurant operator’s stock worth $103,000 after purchasing an additional 103 shares during the last quarter. Cullen Investment Group LTD. raised its stake in Nathan’s Famous by 1.2% during the 4th quarter. Cullen Investment Group LTD. now owns 10,531 shares of the restaurant operator’s stock valued at $956,000 after buying an additional 130 shares during the last quarter. First Trust Advisors LP raised its stake in Nathan’s Famous by 2.5% during the 4th quarter. First Trust Advisors LP now owns 8,276 shares of the restaurant operator’s stock valued at $774,000 after buying an additional 200 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Nathan’s Famous by 204.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 260 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Nathan’s Famous by 15.9% during the 4th quarter. SG Americas Securities LLC now owns 2,214 shares of the restaurant operator’s stock valued at $207,000 after buying an additional 304 shares during the period. Institutional investors own 66.54% of the company’s stock.

About Nathan’s Famous

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.