Nathan’s Famous (NASDAQ:NATH) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Nathan’s Famous, Inc. (NASDAQ:NATH) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $84.61 and traded as high as $92.98. Nathan’s Famous shares last traded at $91.80, with a volume of 10,818 shares changing hands.

Wall Street Analyst Weigh In

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

Nathan’s Famous Price Performance

The stock’s 50-day moving average is $88.26 and its 200 day moving average is $84.61. The stock has a market cap of $375.37 million, a price-to-earnings ratio of 15.83 and a beta of 0.15.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $1.10 EPS 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 company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Tuesday, February 18th. Nathan’s Famous’s dividend payout ratio (DPR) is 34.48%.

Hedge Funds Weigh In On Nathan’s Famous

Several hedge funds have recently bought and sold shares of NATH. Royce & Associates LP raised its stake in shares of Nathan’s Famous by 15.6% during the 4th quarter. Royce & Associates LP now owns 139,528 shares of the restaurant operator’s stock worth $10,968,000 after buying an additional 18,851 shares during the last quarter. Crawford Fund Management LLC raised its position in shares of Nathan’s Famous by 11.9% in the third quarter. Crawford Fund Management LLC now owns 97,660 shares of the restaurant operator’s stock valued at $7,901,000 after buying an additional 10,350 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Nathan’s Famous by 3.3% during the third quarter. Geode Capital Management LLC now owns 63,252 shares of the restaurant operator’s stock valued at $5,118,000 after buying an additional 2,011 shares during the period. Northern Trust Corp grew its stake in Nathan’s Famous by 1.6% in the 4th quarter. Northern Trust Corp now owns 27,011 shares of the restaurant operator’s stock worth $2,123,000 after acquiring an additional 426 shares during the period. Finally, Annex Advisory Services LLC lifted its stake in shares of Nathan’s Famous by 21.9% during the 4th quarter. Annex Advisory Services LLC now owns 17,953 shares of the restaurant operator’s stock worth $1,411,000 after purchasing an additional 3,221 shares during the period. 66.54% of the stock is owned by hedge funds and other institutional investors.

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.