Nathan’s Famous (NASDAQ:NATH) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Nathan’s Famous, Inc. (NASDAQ:NATH)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $78.74 and traded as low as $78.61. Nathan’s Famous shares last traded at $78.61, with a volume of 7,238 shares traded.

Nathan’s Famous Trading Down 0.2 %

The company has a market cap of $320.39 million, a PE ratio of 14.69 and a beta of 0.22. The stock has a 50 day moving average price of $84.68 and a 200 day moving average price of $78.74.

Nathan’s Famous Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Monday, November 25th. Nathan’s Famous’s payout ratio is 37.45%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP purchased a new position in Nathan’s Famous during the third quarter valued at $309,000. Barclays PLC boosted its position in shares of Nathan’s Famous by 271.3% during the 3rd quarter. Barclays PLC now owns 4,084 shares of the restaurant operator’s stock worth $330,000 after purchasing an additional 2,984 shares during the period. Seizert Capital Partners LLC increased its stake in Nathan’s Famous by 21.6% during the third quarter. Seizert Capital Partners LLC now owns 4,624 shares of the restaurant operator’s stock worth $374,000 after purchasing an additional 821 shares during the period. JPMorgan Chase & Co. boosted its position in Nathan’s Famous by 125.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator’s stock valued at $384,000 after buying an additional 2,640 shares during the period. Finally, AE Wealth Management LLC purchased a new stake in Nathan’s Famous during the 2nd quarter worth about $813,000. 66.54% of the stock is currently owned by institutional investors.

Nathan’s Famous Company Profile

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.