Nathan's Famous (NASDAQ:NATH) Stock Passes Above 200-Day Moving Average - Time to Sell?

Nathan's Famous, Inc. (NASDAQ:NATH - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $81.86 and traded as high as $100.88. Nathan's Famous shares last traded at $100.15, with a volume of 9,815 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Nathan's Famous from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 11th.

Nathan's Famous Stock Performance

The company's 50 day simple moving average is $83.58 and its 200-day simple moving average is $82.57. The firm has a market capitalization of $416.45 million, a PE ratio of 17.58 and a beta of 0.25.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $1.10 earnings per share (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 firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.96%. Nathan's Famous's dividend payout ratio (DPR) is presently 34.48%.

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Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its stake in Nathan's Famous by 2.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,234 shares of the restaurant operator's stock worth $909,000 after buying an additional 310 shares in the last quarter. Northern Trust Corp grew its position in Nathan's Famous by 1.6% in the fourth quarter. Northern Trust Corp now owns 27,011 shares of the restaurant operator's stock worth $2,123,000 after acquiring an additional 426 shares in the last quarter. Barclays PLC grew its position in Nathan's Famous by 11.5% in the fourth quarter. Barclays PLC now owns 4,555 shares of the restaurant operator's stock worth $359,000 after acquiring an additional 471 shares in the last quarter. Wells Fargo & Company MN increased its stake in 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 valued at $162,000 after acquiring an additional 639 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Nathan's Famous by 30.8% during the fourth quarter. Bank of America Corp DE now owns 2,820 shares of the restaurant operator's stock valued at $222,000 after purchasing an additional 664 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors.

About Nathan's Famous

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.