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

Nathan’s Famous, Inc. (NASDAQ:NATH)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $86.20 and traded as high as $96.63. Nathan’s Famous shares last traded at $96.38, with a volume of 12,487 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 5th.

Nathan’s Famous Stock Up 1.7 %

The business’s 50 day moving average is $92.22 and its 200 day moving average is $86.20. The company has a market cap of $394.10 million, a P/E ratio of 16.62 and a beta of 0.15.

Nathan’s Famous (NASDAQ:NATH) last announced its earnings results on Thursday, February 6th. The restaurant operator reported $1.10 earnings per share for the quarter. Nathan’s Famous had a net margin of 16.19% and a negative return on equity of 96.05%.

Nathan’s Famous Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Tuesday, February 18th. Nathan’s Famous’s dividend payout ratio is currently 34.48%.

Hedge Funds Weigh In On Nathan’s Famous

Several hedge funds have recently modified their holdings of NATH. Royce & Associates LP increased its stake in Nathan’s Famous by 15.6% during the 4th quarter. Royce & Associates LP now owns 139,528 shares of the restaurant operator’s stock valued at $10,968,000 after purchasing an additional 18,851 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Nathan’s Famous during the fourth quarter valued at $904,000. JPMorgan Chase & Co. increased its position in shares of Nathan’s Famous by 164.1% in the 4th quarter. JPMorgan Chase & Co. now owns 12,527 shares of the restaurant operator’s stock valued at $985,000 after acquiring an additional 7,783 shares during the period. Ellsworth Advisors LLC purchased a new position in Nathan’s Famous in the 4th quarter worth $589,000. Finally, Citadel Advisors LLC lifted its position in Nathan’s Famous by 187.2% during the 4th quarter. Citadel Advisors LLC now owns 10,088 shares of the restaurant operator’s stock worth $793,000 after acquiring an additional 6,575 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

Nathan’s Famous Company Profile

Nathan’s Famous, Inc engages in the operation of franchised fast-food units. It is involved in the licensing, wholesaling, and retailing of products marketed under the Nathan’s Famous brand. The firm operates through the following business segments: Branded Product Program, Product Licensing, Restaurant Operations, and Corporate.