Nathan’s Famous (NASDAQ:NATH) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Nathan’s Famous, Inc. (NASDAQ:NATH) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analysts Set New Price Targets

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

Nathan’s Famous Price Performance

The stock has a market cap of $409.51 million, a P/E ratio of 17.27 and a beta of 0.25. The business’s fifty day moving average price is $82.66 and its 200 day moving average price is $81.86.

Nathan’s Famous (NASDAQ:NATH) last posted its earnings results on Thursday, February 6th. The restaurant operator reported $1.10 EPS for the quarter. Nathan’s Famous had a net margin of 16.19% and a negative return on equity of 96.05%.

Nathan’s Famous Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a yield of 2.00%. Nathan’s Famous’s dividend payout ratio (DPR) is presently 34.48%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NATH. Janney Montgomery Scott LLC raised its holdings in Nathan’s Famous by 2.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,234 shares of the restaurant operator’s stock valued at $909,000 after buying an additional 310 shares during the last quarter. GSA Capital Partners LLP bought a new position in Nathan’s Famous in the 3rd quarter valued at approximately $309,000. Royce & Associates LP raised its holdings in Nathan’s Famous by 48.1% in the 3rd quarter. Royce & Associates LP now owns 120,677 shares of the restaurant operator’s stock valued at $9,763,000 after buying an additional 39,193 shares during the last quarter. Seizert Capital Partners LLC raised its holdings in Nathan’s Famous by 21.6% in the 3rd quarter. Seizert Capital Partners LLC now owns 4,624 shares of the restaurant operator’s stock valued at $374,000 after buying an additional 821 shares during the last quarter. Finally, Crawford Fund Management LLC raised its holdings in Nathan’s Famous by 11.9% in the 3rd quarter. Crawford Fund Management LLC now owns 97,660 shares of the restaurant operator’s stock valued at $7,901,000 after buying an additional 10,350 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Nathan’s Famous Company Profile

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.