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

Nathan’s Famous, Inc. (NASDAQ:NATH)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $100.95 and traded as high as $101.25. Nathan’s Famous shares last traded at $100.75, with a volume of 61,146 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nathan’s Famous in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Nathan’s Famous Stock Down 0.1%

The company has a market cap of $412.07 million, a price-to-earnings ratio of 19.38 and a beta of 0.34. The business’s fifty day simple moving average is $96.00 and its two-hundred day simple moving average is $100.95.

Nathan’s Famous (NASDAQ:NATH) last posted its earnings results on Thursday, February 5th. The restaurant operator reported $0.75 EPS for the quarter. Nathan’s Famous had a net margin of 13.59% and a negative return on equity of 182.42%. The firm had revenue of $34.31 million for the quarter.

Nathan’s Famous Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, February 17th. Nathan’s Famous’s payout ratio is presently 38.46%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NATH. AlphaQuest LLC acquired a new position in Nathan’s Famous in the second quarter valued at $110,000. PNC Financial Services Group Inc. grew its holdings in shares of Nathan’s Famous by 16,616.7% during the second quarter. PNC Financial Services Group Inc. now owns 1,003 shares of the restaurant operator’s stock worth $111,000 after buying an additional 997 shares during the last quarter. Ritholtz Wealth Management grew its holdings in shares of Nathan’s Famous by 53.9% during the second quarter. Ritholtz Wealth Management now owns 5,792 shares of the restaurant operator’s stock worth $640,000 after buying an additional 2,028 shares during the last quarter. Teton Advisors LLC acquired a new position in Nathan’s Famous in the 3rd quarter valued at about $5,349,000. Finally, Principal Financial Group Inc. purchased a new stake in Nathan’s Famous during the 3rd quarter valued at approximately $606,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

About Nathan’s Famous

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.