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

Nathan’s Famous, Inc. (NASDAQ:NATH) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $81.86 and traded as high as $100.88. Nathan’s Famous shares last traded at $100.15, with a volume of 9,815 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 11th.

Nathan’s Famous Stock Performance

The business has a 50 day moving average price of $83.32 and a two-hundred day moving average price of $82.20. The company has a market cap of $409.41 million, a P/E ratio of 17.26 and a beta of 0.25.

Nathan’s Famous (NASDAQ:NATH) last released its earnings results on Thursday, February 6th. The restaurant operator reported $1.10 earnings per share 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 firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.00 annualized dividend and a yield of 2.00%. Nathan’s Famous’s dividend payout ratio is 34.48%.

Institutional Trading of Nathan’s Famous

Several institutional investors have recently added to or reduced their stakes in NATH. Royce & Associates LP boosted its stake in Nathan’s Famous by 48.1% during the 3rd quarter. Royce & Associates LP now owns 120,677 shares of the restaurant operator’s stock valued at $9,763,000 after purchasing an additional 39,193 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Nathan’s Famous during the 4th quarter valued at $904,000. Crawford Fund Management LLC boosted its stake in Nathan’s Famous by 11.9% during the 3rd quarter. Crawford Fund Management LLC now owns 97,660 shares of the restaurant operator’s stock valued at $7,901,000 after purchasing an additional 10,350 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Nathan’s Famous by 164.1% during the 4th quarter. JPMorgan Chase & Co. now owns 12,527 shares of the restaurant operator’s stock valued at $985,000 after purchasing an additional 7,783 shares during the last quarter. Finally, Ellsworth Advisors LLC purchased a new stake in Nathan’s Famous during the 4th quarter valued at $589,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

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.