Nathan’s Famous (NASDAQ:NATH) Shares Pass Below 200 Day Moving Average of $72.13

Nathan’s Famous, Inc. (NASDAQ:NATH)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $72.13 and traded as low as $70.67. Nathan’s Famous shares last traded at $71.26, with a volume of 3,199 shares.

Separately, BidaskClub raised shares of Nathan’s Famous from a “sell” rating to a “hold” rating in a report on Wednesday, December 25th.

The stock’s fifty day moving average price is $71.80 and its 200 day moving average price is $72.05. The stock has a market cap of $301.47 million, a P/E ratio of 14.14 and a beta of 0.26.

Nathan’s Famous (NASDAQ:NATH) last issued its quarterly earnings results on Friday, November 8th. The restaurant operator reported $0.87 EPS for the quarter. The firm had revenue of $29.73 million for the quarter. Nathan’s Famous had a net margin of 20.70% and a negative return on equity of 19.80%.

In other news, Director Brian S. Genson sold 1,009 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $80.00, for a total value of $80,720.00. Following the completion of the sale, the director now owns 19,933 shares of the company’s stock, valued at approximately $1,594,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ronald G. Devos sold 13,709 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $71.90, for a total transaction of $985,677.10. The disclosure for this sale can be found here. 31.80% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in NATH. Dalton Greiner Hartman Maher & Co. boosted its stake in shares of Nathan’s Famous by 162.1% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 41,057 shares of the restaurant operator’s stock valued at $2,910,000 after purchasing an additional 25,392 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Nathan’s Famous by 5.2% in the 2nd quarter. BlackRock Inc. now owns 162,646 shares of the restaurant operator’s stock valued at $12,706,000 after purchasing an additional 8,086 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Nathan’s Famous in the 2nd quarter valued at $312,000. Waratah Capital Advisors Ltd. boosted its stake in shares of Nathan’s Famous by 6.5% in the 3rd quarter. Waratah Capital Advisors Ltd. now owns 32,637 shares of the restaurant operator’s stock valued at $2,345,000 after purchasing an additional 1,990 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Nathan’s Famous by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 150,007 shares of the restaurant operator’s stock valued at $11,718,000 after purchasing an additional 1,538 shares in the last quarter. 42.07% of the stock is owned by institutional investors.

About Nathan’s Famous (NASDAQ:NATH)

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.

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