Nathan’s Famous (NASDAQ:NATH) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Nathan’s Famous, Inc. (NASDAQ:NATH) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $86.20 and traded as high as $96.63. Nathan’s Famous shares last traded at $96.38, with a volume of 12,487 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 5th.

Nathan’s Famous Trading Down 0.1 %

The stock has a market capitalization of $391.93 million, a PE ratio of 16.53 and a beta of 0.15. The firm has a 50 day moving average price of $92.54 and a 200 day moving average price of $86.33.

Nathan’s Famous (NASDAQ:NATH) last released 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 declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.09%. The ex-dividend date was Tuesday, February 18th. Nathan’s Famous’s dividend payout ratio is presently 34.48%.

Hedge Funds Weigh In On Nathan’s Famous

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new position in shares of Nathan’s Famous in the 4th quarter valued at about $397,000. Geode Capital Management LLC lifted its stake 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 valued at $5,118,000 after purchasing an additional 2,011 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Nathan’s Famous by 125.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator’s stock worth $384,000 after purchasing an additional 2,640 shares during the period. Ellsworth Advisors LLC bought a new position in shares of Nathan’s Famous during the 4th quarter valued at approximately $589,000. Finally, Barclays PLC raised its holdings in Nathan’s Famous by 271.3% during the 3rd quarter. Barclays PLC now owns 4,084 shares of the restaurant operator’s stock valued at $330,000 after buying an additional 2,984 shares during the period. 66.54% of the stock is owned by hedge funds and other institutional investors.

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.