Nathan’s Famous (NASDAQ:NATH) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Nathan’s Famous, Inc. (NASDAQ:NATH) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $101.87 and traded as high as $107.48. Nathan’s Famous shares last traded at $107.48, with a volume of 22,135 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Nathan’s Famous from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th.

Nathan’s Famous Stock Up 0.2%

The stock has a market capitalization of $439.59 million, a PE ratio of 18.66 and a beta of 0.39. The company has a 50-day moving average of $103.31 and a 200 day moving average of $101.87.

Nathan’s Famous (NASDAQ:NATH) last issued its quarterly earnings results on Friday, August 8th. The restaurant operator reported $2.16 EPS for the quarter. Nathan’s Famous had a negative return on equity of 143.21% and a net margin of 15.74%.The firm had revenue of $47.00 million during the quarter.

Nathan’s Famous Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 25th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, August 25th. Nathan’s Famous’s payout ratio is presently 34.72%.

Institutional Trading of Nathan’s Famous

Several large investors have recently added to or reduced their stakes in NATH. Arrowstreet Capital Limited Partnership grew its holdings in Nathan’s Famous by 155.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 36,188 shares of the restaurant operator’s stock valued at $4,002,000 after buying an additional 21,998 shares in the last quarter. Voss Capital LP purchased a new stake in Nathan’s Famous in the 1st quarter valued at $964,000. Pekin Hardy Strauss Inc. purchased a new stake in Nathan’s Famous in the 1st quarter valued at $920,000. Citadel Advisors LLC grew its holdings in Nathan’s Famous by 187.2% in the 4th quarter. Citadel Advisors LLC now owns 10,088 shares of the restaurant operator’s stock valued at $793,000 after buying an additional 6,575 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in Nathan’s Famous in the 2nd quarter valued at $637,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Nathan’s Famous Company Profile

Nathan’s Famous, Inc engages in the operation of franchised fast-food units. It is involved in the licensing, wholesaling, and retailing of products marketed under the Nathan’s Famous brand. The firm operates through the following business segments: Branded Product Program, Product Licensing, Restaurant Operations, and Corporate.