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 $84.61 and traded as high as $92.98. Nathan's Famous shares last traded at $91.80, with a volume of 10,818 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Nathan's Famous from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, March 5th.
View Our Latest Research Report on NATH
Nathan's Famous Trading Up 1.2 %
The firm has a 50 day moving average price of $88.52 and a 200 day moving average price of $84.84. The stock has a market capitalization of $383.38 million, a PE ratio of 16.17 and a beta of 0.15.
Nathan's Famous (NASDAQ:NATH - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The restaurant operator reported $1.10 EPS for the quarter. Nathan's Famous had a negative return on equity of 96.05% and a net margin of 16.19%.
Nathan's Famous Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.00 annualized dividend and a dividend yield of 2.13%. Nathan's Famous's payout ratio is 34.48%.
Institutional Investors Weigh In On Nathan's Famous
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royce & Associates LP raised its position in shares of Nathan's Famous by 15.6% during the fourth quarter. Royce & Associates LP now owns 139,528 shares of the restaurant operator's stock valued at $10,968,000 after buying an additional 18,851 shares during the last quarter. Crawford Fund Management LLC increased its holdings in Nathan's Famous by 11.9% in the 3rd quarter. Crawford Fund Management LLC now owns 97,660 shares of the restaurant operator's stock valued at $7,901,000 after acquiring an additional 10,350 shares during the last quarter. Geode Capital Management LLC lifted its stake in Nathan's Famous by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 63,252 shares of the restaurant operator's stock worth $5,118,000 after purchasing an additional 2,011 shares in the last quarter. Northern Trust Corp lifted its stake in Nathan's Famous by 1.6% in the 4th quarter. Northern Trust Corp now owns 27,011 shares of the restaurant operator's stock worth $2,123,000 after purchasing an additional 426 shares in the last quarter. Finally, Annex Advisory Services LLC boosted its holdings in shares of Nathan's Famous by 21.9% during the 4th quarter. Annex Advisory Services LLC now owns 17,953 shares of the restaurant operator's stock valued at $1,411,000 after purchasing an additional 3,221 shares during the last quarter. 66.54% of the stock is owned by institutional investors.
About Nathan's Famous
(
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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