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

by · The Markets Daily

Nathan’s Famous, Inc. (NASDAQ:NATH – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $78.25 and traded as high as $79.97. Nathan’s Famous shares last traded at $79.78, with a volume of 8,170 shares trading hands.

Nathan’s Famous Price Performance

The company’s 50-day moving average price is $85.55 and its two-hundred day moving average price is $78.41. The company has a market capitalization of $327.33 million, a price-to-earnings ratio of 15.01 and a beta of 0.22.

Nathan’s Famous Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Monday, November 25th. Nathan’s Famous’s dividend payout ratio (DPR) is 37.45%.

Institutional Trading of Nathan’s Famous

A number of large investors have recently added to or reduced their stakes in NATH. Royce & Associates LP increased its stake in shares of Nathan’s Famous by 48.1% in the third quarter. Royce & Associates LP now owns 120,677 shares of the restaurant operator’s stock worth $9,763,000 after purchasing an additional 39,193 shares in the last quarter. Crawford Fund Management LLC lifted its position in Nathan’s Famous by 11.9% during the third 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. Geode Capital Management LLC lifted its holdings in shares of Nathan’s Famous by 3.3% in the 3rd 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 during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Nathan’s Famous by 1.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 32,290 shares of the restaurant operator’s stock worth $2,189,000 after acquiring an additional 430 shares during the last quarter. Finally, Annex Advisory Services LLC lifted its holdings in shares of Nathan’s Famous by 15.4% in the 3rd quarter. Annex Advisory Services LLC now owns 14,732 shares of the restaurant operator’s stock worth $1,192,000 after acquiring an additional 1,961 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

About Nathan’s Famous

(Get Free Report)

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.

Featured Stories