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

Nathan’s Famous, Inc. (NASDAQ:NATHGet Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $99.60 and traded as high as $101.62. Nathan’s Famous shares last traded at $101.55, with a volume of 26,187 shares trading hands.

Key Headlines Impacting Nathan’s Famous

Here are the key news stories impacting Nathan’s Famous this week:

Analyst Ratings Changes

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

Read Our Latest Analysis on Nathan’s Famous

Nathan’s Famous Price Performance

The company’s 50-day simple moving average is $101.24 and its 200 day simple moving average is $99.62. The company has a market capitalization of $415.34 million, a P/E ratio of 20.94 and a beta of 0.27.

Nathan’s Famous (NASDAQ:NATHGet Free Report) last released its quarterly earnings results on Tuesday, June 9th. The restaurant operator reported $0.68 earnings per share for the quarter. Nathan’s Famous had a net margin of 12.35% and a negative return on equity of 179.01%. The business had revenue of $35.07 million for the quarter.

Nathan’s Famous Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.0%. Nathan’s Famous’s payout ratio is currently 41.24%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Teton Advisors LLC acquired a new stake in shares of Nathan’s Famous in the third quarter worth $5,349,000. ABC Arbitrage SA bought a new stake in shares of Nathan’s Famous during the 1st quarter worth $5,435,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Nathan’s Famous in the 1st quarter valued at $2,438,000. Credit Industriel ET Commercial acquired a new position in Nathan’s Famous in the 1st quarter valued at $4,313,000. Finally, CenterBook Partners LP raised its holdings in Nathan’s Famous by 6.8% in the 4th quarter. CenterBook Partners LP now owns 34,685 shares of the restaurant operator’s stock worth $3,245,000 after acquiring an additional 2,200 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

About Nathan’s Famous

(Get Free Report)

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.

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