Nathan’s Famous (NASDAQ:NATH) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Nathan’s Famous, Inc. (NASDAQ:NATH) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $100.54 and traded as low as $100.40. Nathan’s Famous shares last traded at $100.55, with a volume of 17,906 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Nathan’s Famous in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Nathan’s Famous presently has an average rating of “Buy”.

Nathan’s Famous Trading Down 0.2%

The company has a market capitalization of $411.00 million, a price-to-earnings ratio of 19.33 and a beta of 0.33. The firm’s 50 day simple moving average is $100.34 and its 200-day simple moving average is $100.54.

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

Nathan’s Famous Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, February 17th. This represents a $2.00 annualized dividend and a yield of 2.0%. Nathan’s Famous’s payout ratio is presently 38.46%.

Institutional Trading of Nathan’s Famous

Institutional investors have recently modified their holdings of the business. Teton Advisors LLC acquired a new stake in Nathan’s Famous in the third quarter valued at $5,349,000. CenterBook Partners LP purchased a new stake in Nathan’s Famous during the third quarter worth about $3,597,000. Arrowstreet Capital Limited Partnership grew its position in Nathan’s Famous by 155.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 36,188 shares of the restaurant operator’s stock worth $4,002,000 after buying an additional 21,998 shares during the period. Millennium Management LLC increased its holdings in Nathan’s Famous by 217.3% in the third quarter. Millennium Management LLC now owns 28,666 shares of the restaurant operator’s stock valued at $3,174,000 after buying an additional 19,633 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Nathan’s Famous during the 3rd quarter valued at approximately $1,669,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

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.