Nathan's Famous (NASDAQ:NATH) Share Price Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• The stock briefly traded below its 200-day moving average
• Analyst sentiment is positive: Weiss Ratings reiterated a "Buy" and the stock has a consensus rating of "Buy" despite only one analyst report reflected in the article.
• On the fundamentals side, Nathan's has a market cap of about $411 million, reported $0.75 EPS on $34.31 million in quarterly revenue, and pays a quarterly dividend of $0.50 (a 2.0% yield and ~38% payout ratio).

Nathan's Famous, Inc. (NASDAQ:NATH - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "buy (b)" rating on shares of Nathan's Famous in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy".

Nathan's Famous Stock Up 0.2%

The company's fifty day moving average price is $100.07 and its 200-day moving average price is $100.54. The stock has a market capitalization of $411.25 million, a PE ratio of 19.34 and a beta of 0.33.

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

Nathan's Famous Announces Dividend

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

Hedge Funds Weigh In On Nathan's Famous

Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its stake in Nathan's Famous by 204.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator's stock worth $43,000 after purchasing an additional 260 shares in the last quarter. State of Wyoming bought a new stake in Nathan's Famous during the 4th quarter valued at about $59,000. Legal & General Group Plc raised its holdings in Nathan's Famous by 142.0% in the second quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator's stock worth $77,000 after buying an additional 406 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Nathan's Famous by 351.6% in the fourth quarter. State of Alaska Department of Revenue now owns 1,007 shares of the restaurant operator's stock worth $93,000 after buying an additional 784 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of Nathan's Famous by 75.7% in the second quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator's stock worth $98,000 after buying an additional 381 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors.

Nathan's Famous Company Profile

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.

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