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

Nathan’s Famous, Inc. (NASDAQ:NATH) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $98.84 and traded as high as $102.24. Nathan’s Famous shares last traded at $101.76, with a volume of 19,908 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Nathan’s Famous from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Nathan’s Famous Price Performance

The company has a 50 day simple moving average of $101.23 and a 200-day simple moving average of $98.98. The stock has a market cap of $415.79 million, a P/E ratio of 20.96 and a beta of 0.28.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.68 EPS for the quarter. The firm had revenue of $35.07 million for the quarter. Nathan’s Famous had a negative return on equity of 179.01% and a net margin of 12.35%.

Nathan’s Famous Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, June 22nd. Nathan’s Famous’s payout ratio is presently 41.24%.

Hedge Funds Weigh In On Nathan’s Famous

A number of large investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC purchased a new stake in Nathan’s Famous during the first quarter valued at about $255,000. Goldman Sachs Group Inc. boosted its holdings in Nathan’s Famous by 9.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,451 shares of the restaurant operator’s stock valued at $1,296,000 after acquiring an additional 1,210 shares during the period. Legal & General Group Plc boosted its holdings in Nathan’s Famous by 142.0% during the 2nd quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock valued at $77,000 after acquiring an additional 406 shares during the period. Franklin Resources Inc. purchased a new position in Nathan’s Famous in the 2nd quarter worth approximately $226,000. Finally, Hsbc Holdings PLC purchased a new position in Nathan’s Famous in the 2nd quarter worth approximately $421,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Nathan’s Famous Company Profile

Nathan’s Famous Inc is a quick-service restaurant company known for its signature all-beef hot dogs and classic American fast-food offerings. The company operates and franchises a network of dining outlets under the Nathan’s Famous brand, serving items such as hamburgers, chicken sandwiches, french fries and specialty sides. In addition to its restaurant business, Nathan’s Famous markets frozen and refrigerated products to retail and foodservice customers across North America.

The company traces its origins to 1916, when founder Nathan Handwerker opened a modest walk-up stand on Coney Island in Brooklyn, New York.