Nathan’s Famous (NASDAQ:NATH) Stock Crosses Above 200 Day Moving Average of $69.61

Nathan’s Famous, Inc. (NASDAQ:NATHGet Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $69.61 and traded as high as $71.14. Nathan’s Famous shares last traded at $70.80, with a volume of 3,097 shares changing hands.

Nathan’s Famous Price Performance

The company has a market cap of $288.86 million, a P/E ratio of 15.23 and a beta of 0.24. The company’s 50-day moving average is $69.24 and its two-hundred day moving average is $69.61.

Nathan’s Famous (NASDAQ:NATHGet Free Report) last announced its quarterly earnings results on Thursday, February 1st. The restaurant operator reported $0.64 earnings per share for the quarter. The company had revenue of $28.89 million during the quarter. Nathan’s Famous had a net margin of 13.84% and a negative return on equity of 49.23%.

Nathan’s Famous Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Friday, February 16th. Nathan’s Famous’s dividend payout ratio (DPR) is presently 43.01%.

Institutional Investors Weigh In On Nathan’s Famous

A number of large investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd bought a new stake in Nathan’s Famous in the 4th quarter worth approximately $525,000. Vanguard Group Inc. grew its position in Nathan’s Famous by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 117,057 shares of the restaurant operator’s stock worth $9,132,000 after purchasing an additional 890 shares during the period. GSA Capital Partners LLP grew its position in Nathan’s Famous by 76.9% in the 4th quarter. GSA Capital Partners LLP now owns 5,808 shares of the restaurant operator’s stock worth $453,000 after purchasing an additional 2,525 shares during the period. Barclays PLC grew its position in Nathan’s Famous by 600.9% in the 4th quarter. Barclays PLC now owns 3,967 shares of the restaurant operator’s stock worth $310,000 after purchasing an additional 3,401 shares during the period. Finally, Nuveen Asset Management LLC grew its position in Nathan’s Famous by 40.0% in the 4th quarter. Nuveen Asset Management LLC now owns 4,857 shares of the restaurant operator’s stock worth $379,000 after purchasing an additional 1,387 shares during the period. Institutional investors own 66.54% of the company’s stock.

Nathan’s Famous Company Profile

(Get Free Report)

Nathan's Famous, Inc, together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.

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