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

Nathan’s Famous, Inc. (NASDAQ:NATH)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $103.35 and traded as low as $93.01. Nathan’s Famous shares last traded at $94.01, with a volume of 31,872 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nathan’s Famous in a report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

Nathan’s Famous Stock Performance

The company has a market cap of $384.50 million, a P/E ratio of 16.94 and a beta of 0.33. The business’s fifty day moving average is $98.24 and its two-hundred day moving average is $103.35.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter. Nathan’s Famous had a negative return on equity of 180.07% and a net margin of 14.74%.The company had revenue of $45.69 million for the quarter.

Nathan’s Famous Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 24th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, November 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.1%. Nathan’s Famous’s dividend payout ratio (DPR) is currently 36.04%.

Institutional Investors Weigh In On Nathan’s Famous

A number of institutional investors have recently added to or reduced their stakes in NATH. Vanguard Group Inc. raised its holdings in Nathan’s Famous by 0.7% in the third quarter. Vanguard Group Inc. now owns 138,170 shares of the restaurant operator’s stock worth $15,301,000 after purchasing an additional 912 shares in the last quarter. Teton Advisors LLC bought a new position in shares of Nathan’s Famous during the 3rd quarter worth approximately $5,349,000. Two Sigma Investments LP raised its stake in shares of Nathan’s Famous by 35.0% during the 3rd quarter. Two Sigma Investments LP now owns 39,625 shares of the restaurant operator’s stock worth $4,388,000 after acquiring an additional 10,264 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Nathan’s Famous by 6.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 38,443 shares of the restaurant operator’s stock valued at $4,257,000 after acquiring an additional 2,255 shares during the last quarter. Finally, CenterBook Partners LP acquired a new stake in Nathan’s Famous in the third quarter valued at approximately $3,597,000. 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.