Nathan's Famous, Inc. (NASDAQ:NATH - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $73.22 and traded as high as $87.00. Nathan's Famous shares last traded at $86.06, with a volume of 6,606 shares traded.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Nathan's Famous from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 9th.
Read Our Latest Report on NATH
Nathan's Famous Stock Performance
The stock has a market capitalization of $346.82 million, a P/E ratio of 17.89 and a beta of 0.22. The company's 50-day moving average price is $80.48 and its 200 day moving average price is $73.22.
Nathan's Famous (NASDAQ:NATH - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $2.27 EPS for the quarter. The firm had revenue of $44.77 million for the quarter. Nathan's Famous had a net margin of 15.21% and a negative return on equity of 66.80%.
Nathan's Famous Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $2.00 annualized dividend and a dividend yield of 2.36%. Nathan's Famous's payout ratio is 41.58%.
Institutional Trading of Nathan's Famous
Institutional investors and hedge funds have recently bought and sold shares of the stock. Gladius Capital Management LP bought a new stake in Nathan's Famous in the 2nd quarter valued at $32,000. Meixler Investment Management Ltd. bought a new stake in Nathan's Famous in the 1st quarter valued at $322,000. BNP Paribas Financial Markets increased its holdings in Nathan's Famous by 5.3% in the 1st quarter. BNP Paribas Financial Markets now owns 4,546 shares of the restaurant operator's stock valued at $322,000 after acquiring an additional 230 shares during the last quarter. Amica Mutual Insurance Co. bought a new stake in Nathan's Famous in the 2nd quarter valued at $407,000. Finally, Janney Montgomery Scott LLC increased its holdings in Nathan's Famous by 9.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,556 shares of the restaurant operator's stock valued at $747,000 after acquiring an additional 905 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors.
Nathan's Famous Company Profile
(
Get Free Report)
Nathan's Famous, Inc, together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.
Featured Stories
Before you consider Nathan's Famous, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nathan's Famous wasn't on the list.
While Nathan's Famous currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
