Nathan’s Famous (NASDAQ:NATH) Stock Price Crosses Below 200-Day Moving Average of $69.24

Shares of Nathan’s Famous, Inc. (NASDAQ:NATH) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $69.24 and traded as low as $65.24. Nathan’s Famous shares last traded at $65.31, with a volume of 4,395 shares.

Nathan’s Famous Stock Performance

The firm has a market cap of $266.46 million, a PE ratio of 14.05 and a beta of 0.24. The stock’s 50 day simple moving average is $68.47 and its 200 day simple moving average is $69.24.

Nathan’s Famous (NASDAQ:NATH) last issued its earnings results on Thursday, February 1st. The restaurant operator reported $0.64 EPS for the quarter. Nathan’s Famous had a net margin of 13.84% and a negative return on equity of 49.23%. The company had revenue of $28.89 million for the quarter.

Nathan’s Famous Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, February 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.06%. Nathan’s Famous’s dividend payout ratio (DPR) is currently 43.01%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NATH. Tower Research Capital LLC TRC grew its stake in shares of Nathan’s Famous by 102.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 336 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 170 shares during the last quarter. Gladius Capital Management LP purchased a new stake in Nathan’s Famous in the third quarter worth about $32,000. UBS Group AG lifted its holdings in shares of Nathan’s Famous by 38.5% during the second quarter. UBS Group AG now owns 630 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 175 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Nathan’s Famous by 217.9% during the second quarter. BNP Paribas Arbitrage SA now owns 941 shares of the restaurant operator’s stock valued at $55,000 after purchasing an additional 645 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Nathan’s Famous by 772.6% during the fourth quarter. Barclays PLC now owns 986 shares of the restaurant operator’s stock valued at $66,000 after acquiring an additional 873 shares in the last quarter. 66.54% of the stock is owned by institutional investors.

About Nathan’s Famous

Nathan's Famous, Inc, together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.