Nathan's Famous (NASDAQ:NATH) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Nathan's Famous stock surpassed its 200-day moving average of $101.87, reaching a high of $107.48 during trading, indicating potential upward momentum.
• Recent analyst updates downgraded Nathan's Famous from a "buy" to a "hold" rating, suggesting a cautious outlook on the stock's performance.
• The company declared a quarterly dividend of $0.50 per share, providing investors with a 1.9% dividend yield and confirming its commitment to returning value to shareholders.

Nathan's Famous, Inc. (NASDAQ:NATH - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $101.87 and traded as high as $107.48. Nathan's Famous shares last traded at $107.48, with a volume of 22,135 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Nathan's Famous from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th.

Nathan's Famous Price Performance

The company's 50 day moving average price is $103.10 and its 200 day moving average price is $101.93. The firm has a market cap of $421.15 million, a PE ratio of 17.88 and a beta of 0.39.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The restaurant operator reported $2.16 EPS for the quarter. Nathan's Famous had a net margin of 15.74% and a negative return on equity of 143.21%. The business had revenue of $47.00 million during the quarter.

Nathan's Famous Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 25th were paid a $0.50 dividend. The ex-dividend date was Monday, August 25th. This represents a $2.00 dividend on an annualized basis and a yield of 1.9%. Nathan's Famous's payout ratio is currently 34.72%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in shares of Nathan's Famous by 204.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator's stock worth $43,000 after buying an additional 260 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Nathan's Famous during the 1st quarter worth approximately $48,000. Legal & General Group Plc lifted its position in shares of Nathan's Famous by 142.0% during the 2nd 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. CWM LLC lifted its position in shares of Nathan's Famous by 34.1% during the 1st quarter. CWM LLC now owns 822 shares of the restaurant operator's stock worth $79,000 after buying an additional 209 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Nathan's Famous by 75.7% during the 2nd quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator's stock worth $98,000 after buying an additional 381 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company's stock.

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.