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

Nathan’s Famous, Inc. (NASDAQ:NATH)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $98.84 and traded as high as $102.24. Nathan’s Famous shares last traded at $101.76, with a volume of 19,908 shares trading hands.

Wall Street Analyst Weigh In

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

Nathan’s Famous Stock Performance

The company has a market capitalization of $416.20 million, a price-to-earnings ratio of 20.98 and a beta of 0.28. The business’s 50-day simple moving average is $101.20 and its 200-day simple moving average is $98.84.

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

Nathan’s Famous Announces Dividend

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

Institutional Trading of Nathan’s Famous

Institutional investors and hedge funds have recently modified their holdings of the stock. ABC Arbitrage SA acquired a new stake in shares of Nathan’s Famous in the 1st quarter valued at approximately $5,435,000. Teton Advisors LLC acquired a new stake in shares of Nathan’s Famous in the 3rd quarter valued at approximately $5,349,000. Credit Industriel ET Commercial acquired a new stake in shares of Nathan’s Famous in the 1st quarter valued at approximately $4,313,000. CenterBook Partners LP acquired a new stake in shares of Nathan’s Famous in the 3rd quarter valued at approximately $3,597,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Nathan’s Famous in the 1st quarter valued at approximately $3,022,000. 66.54% of the stock is owned by 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.