Nathan’s Famous (NASDAQ:NATH) Stock Passes Above 200-Day Moving Average – Here’s Why

Nathan’s Famous, Inc. (NASDAQ:NATH)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $100.71 and traded as high as $100.98. Nathan’s Famous shares last traded at $100.87, with a volume of 17,166 shares traded.

Analyst Ratings Changes

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

Nathan’s Famous Stock Performance

The company has a market capitalization of $412.56 million, a P/E ratio of 19.40 and a beta of 0.33. The business’s fifty day simple moving average is $99.01 and its 200-day simple moving average is $100.71.

Nathan’s Famous (NASDAQ:NATH) last released its quarterly earnings data on Thursday, February 5th. The restaurant operator reported $0.75 EPS for the quarter. The business had revenue of $34.31 million during the quarter. Nathan’s Famous had a net margin of 13.59% and a negative return on equity of 182.42%.

Nathan’s Famous Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, February 17th. Nathan’s Famous’s payout ratio is currently 38.46%.

Hedge Funds Weigh In On Nathan’s Famous

Several institutional investors have recently added to or reduced their stakes in the company. Teton Advisors LLC purchased a new stake in shares of Nathan’s Famous during the 3rd quarter worth approximately $5,349,000. Principal Financial Group Inc. purchased a new position in shares of Nathan’s Famous in the third quarter valued at $606,000. CenterBook Partners LP bought a new stake in Nathan’s Famous in the third quarter worth $3,597,000. PNC Financial Services Group Inc. increased its position in Nathan’s Famous by 16,616.7% in the second quarter. PNC Financial Services Group Inc. now owns 1,003 shares of the restaurant operator’s stock worth $111,000 after purchasing an additional 997 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Nathan’s Famous during the third quarter valued at $212,000. Hedge funds and other 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.