Nathan’s Famous (NASDAQ:NATH) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Nathan’s Famous, Inc. (NASDAQ:NATH)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $100.82 and traded as high as $101.25. Nathan’s Famous shares last traded at $101.12, with a volume of 46,313 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nathan’s Famous in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Nathan’s Famous Price Performance

The business’s 50 day moving average price is $94.36 and its 200 day moving average price is $100.82. The stock has a market capitalization of $413.58 million, a P/E ratio of 18.22 and a beta of 0.34.

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

Nathan’s Famous Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $2.00 annualized dividend and a dividend yield of 2.0%. Nathan’s Famous’s payout ratio is presently 36.04%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC bought a new position in shares of Nathan’s Famous in the 1st quarter worth approximately $255,000. Goldman Sachs Group Inc. increased its holdings in Nathan’s Famous by 9.9% during the first quarter. Goldman Sachs Group Inc. now owns 13,451 shares of the restaurant operator’s stock valued at $1,296,000 after buying an additional 1,210 shares during the last quarter. Inspire Investing LLC bought a new position in Nathan’s Famous in the second quarter worth approximately $390,000. Ritholtz Wealth Management boosted its stake in shares of Nathan’s Famous by 53.9% during the 2nd quarter. Ritholtz Wealth Management now owns 5,792 shares of the restaurant operator’s stock worth $640,000 after acquiring an additional 2,028 shares during the last quarter. Finally, AlphaQuest LLC bought a new stake in shares of Nathan’s Famous during the 2nd quarter valued at $110,000. 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.