Nathan's Famous, Inc. (NASDAQ:NATH - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded shares of 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 Nathan's Famous
Nathan's Famous Stock Performance
The company's 50-day moving average is $105.96 and its 200 day moving average is $95.28. The company has a market capitalization of $463.27 million, a PE ratio of 19.30 and a beta of 0.35.
Nathan's Famous (NASDAQ:NATH - Get Free Report) last announced its quarterly earnings results on Tuesday, June 10th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter. The firm had revenue of $30.79 million for 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 announced 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. This represents a $2.00 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Monday, June 23rd. Nathan's Famous's payout ratio is 34.07%.
Institutional Investors Weigh In On Nathan's Famous
A number of institutional investors have recently added to or reduced their stakes in NATH. Summit Securities Group LLC purchased a new position in shares of Nathan's Famous in the first quarter valued at $48,000. CWM LLC grew its holdings in shares of Nathan's Famous by 34.1% in 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 in the last quarter. Deutsche Bank AG grew its holdings in shares of Nathan's Famous by 2,558.9% in 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 in the last quarter. GAMMA Investing LLC grew its holdings in shares of Nathan's Famous by 9,031.6% in the first quarter. GAMMA Investing LLC now owns 1,735 shares of the restaurant operator's stock valued at $167,000 after purchasing an additional 1,716 shares in the last quarter. Finally, AdvisorShares Investments LLC purchased a new position in shares of Nathan's Famous in the fourth quarter valued at $149,000. 66.54% of the stock is owned by hedge funds and other 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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