Nathan's Famous, Inc. (NASDAQ:NATH - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $94.68 and traded as high as $112.77. Nathan's Famous shares last traded at $110.00, with a volume of 39,422 shares changing hands.
Analyst Ratings Changes
Separately, Wall Street Zen cut Nathan's Famous from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th.
Read Our Latest Stock Report on NATH
Nathan's Famous Stock Performance
The business's fifty day moving average price is $105.38 and its 200-day moving average price is $94.68. The stock has a market cap of $449.88 million, a PE ratio of 18.74 and a beta of 0.35.
Nathan's Famous (NASDAQ:NATH - Get Free Report) last posted its earnings results on Tuesday, June 10th. The restaurant operator reported $1.03 EPS for the quarter. The business had revenue of $30.79 million during the quarter. Nathan's Famous had a net margin of 16.21% and a negative return on equity of 116.79%.
Nathan's Famous Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 23rd were paid a dividend of $0.50 per share. The ex-dividend date was Monday, June 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.82%. Nathan's Famous's dividend payout ratio is currently 34.07%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Summit Securities Group LLC purchased a new stake in shares of Nathan's Famous in the 1st quarter worth $48,000. CWM LLC grew its holdings in Nathan's Famous by 34.1% during the first quarter. CWM LLC now owns 822 shares of the restaurant operator's stock valued at $79,000 after purchasing an additional 209 shares during the period. Deutsche Bank AG grew its holdings in Nathan's Famous by 2,558.9% during the first quarter. Deutsche Bank AG now owns 1,489 shares of the restaurant operator's stock valued at $144,000 after purchasing an additional 1,433 shares during the period. AdvisorShares Investments LLC purchased a new stake in Nathan's Famous in the fourth quarter worth about $149,000. Finally, Wells Fargo & Company MN raised its stake in shares of Nathan's Famous by 45.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,056 shares of the restaurant operator's stock worth $162,000 after buying an additional 639 shares during the period. 66.54% of the stock is currently owned by institutional investors.
Nathan's Famous Company Profile
(
Get Free Report)
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.
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