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

Nathan’s Famous, Inc. (NASDAQ:NATH) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $99.60 and traded as high as $101.62. Nathan’s Famous shares last traded at $101.55, with a volume of 26,187 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded 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, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Nathan’s Famous Stock Up 0.1%

The firm’s 50 day simple moving average is $101.23 and its 200 day simple moving average is $99.60. The company has a market capitalization of $415.34 million, a PE ratio of 20.94 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 earnings per share for the quarter. Nathan’s Famous had a net margin of 12.35% and a negative return on equity of 179.01%. The business had revenue of $35.07 million for the quarter.

Nathan’s Famous Dividend Announcement

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

Institutional Trading of Nathan’s Famous

Several institutional investors have recently added to or reduced their stakes in NATH. Polar Asset Management Partners Inc. purchased a new position in shares of Nathan’s Famous during the first quarter valued at approximately $745,000. Lazard Asset Management LLC raised its holdings in shares of Nathan’s Famous by 559.6% in the first quarter. Lazard Asset Management LLC now owns 17,308 shares of the restaurant operator’s stock worth $1,743,000 after buying an additional 14,684 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in shares of Nathan’s Famous during the 1st quarter worth approximately $3,022,000. Renaissance Technologies LLC lifted its stake in shares of Nathan’s Famous by 8.7% during the 1st quarter. Renaissance Technologies LLC now owns 154,356 shares of the restaurant operator’s stock worth $15,548,000 after acquiring an additional 12,300 shares during the last quarter. Finally, Gabelli Funds LLC boosted its holdings in Nathan’s Famous by 9.2% during the 1st quarter. Gabelli Funds LLC now owns 187,000 shares of the restaurant operator’s stock valued at $18,837,000 after acquiring an additional 15,800 shares during the period. Institutional investors 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.