Nathan’s Famous (NASDAQ:NATH) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of Nathan’s Famous, Inc. (NASDAQ:NATH) passed 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 trading hands.

Wall Street Analysts Forecast Growth

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

Nathan’s Famous Price Performance

The company has a 50 day moving average price of $88.52 and a 200 day moving average price of $84.71. The firm has a market cap of $378.89 million, a PE ratio of 15.98 and a beta of 0.15.

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

Nathan’s Famous Dividend Announcement

The business 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 2.16%. The ex-dividend date was Tuesday, February 18th. Nathan’s Famous’s dividend payout ratio (DPR) is presently 34.48%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Royce & Associates LP raised its position in Nathan’s Famous by 15.6% in the fourth quarter. Royce & Associates LP now owns 139,528 shares of the restaurant operator’s stock worth $10,968,000 after acquiring an additional 18,851 shares in the last quarter. Crawford Fund Management LLC raised its position in 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 worth $7,901,000 after acquiring an additional 10,350 shares in the last quarter. Geode Capital Management LLC raised its position in Nathan’s Famous by 3.3% in the third quarter. Geode Capital Management LLC now owns 63,252 shares of the restaurant operator’s stock worth $5,118,000 after acquiring an additional 2,011 shares in the last quarter. Northern Trust Corp raised its position in Nathan’s Famous by 1.6% in the fourth 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 in the last quarter. Finally, Annex Advisory Services LLC raised its position in Nathan’s Famous by 21.9% in the fourth quarter. Annex Advisory Services LLC now owns 17,953 shares of the restaurant operator’s stock worth $1,411,000 after acquiring an additional 3,221 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

About Nathan’s Famous

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.