Nathan’s Famous (NASDAQ:NATH) Stock Crosses Below 200 Day Moving Average – What’s Next?

Nathan’s Famous, Inc. (NASDAQ:NATH)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $101.89 and traded as low as $91.22. Nathan’s Famous shares last traded at $93.65, with a volume of 36,174 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Nathan’s Famous in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Nathan’s Famous Price Performance

The stock’s fifty day simple moving average is $94.54 and its two-hundred day simple moving average is $101.89. The company has a market capitalization of $383.03 million, a price-to-earnings ratio of 16.87 and a beta of 0.34.

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

Nathan’s Famous Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its position in Nathan’s Famous by 204.7% in the second quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator’s stock worth $43,000 after buying an additional 260 shares during the period. Legal & General Group Plc grew its position in shares of Nathan’s Famous by 142.0% during the second quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock worth $77,000 after acquiring an additional 406 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Nathan’s Famous by 75.7% in the 2nd quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 381 shares during the period. Promus Capital LLC bought a new stake in Nathan’s Famous in the 3rd quarter valued at about $101,000. Finally, AlphaQuest LLC bought a new stake in Nathan’s Famous in the 2nd quarter valued at about $110,000. Institutional investors and hedge funds 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.