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

Nathan's Famous, Inc. (NASDAQ:NATH - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $86.20 and traded as high as $96.63. Nathan's Famous shares last traded at $96.38, with a volume of 12,487 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Nathan's Famous from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, March 5th.

Nathan's Famous Price Performance

The company has a market capitalization of $375.98 million, a price-to-earnings ratio of 15.85 and a beta of 0.15. The stock has a 50 day moving average price of $92.90 and a two-hundred day moving average price of $86.40.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last issued its earnings results on Thursday, February 6th. The restaurant operator reported $1.10 EPS for the quarter. Nathan's Famous had a net margin of 16.19% and a negative return on equity of 96.05%.

Nathan's Famous Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Tuesday, February 18th. Nathan's Famous's dividend payout ratio (DPR) is presently 34.48%.

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Institutional Trading of Nathan's Famous

Institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC grew its stake in shares of Nathan's Famous by 187.2% during the fourth quarter. Citadel Advisors LLC now owns 10,088 shares of the restaurant operator's stock worth $793,000 after buying an additional 6,575 shares during the last quarter. Bank of America Corp DE boosted its stake 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 worth $222,000 after acquiring an additional 664 shares in the last quarter. AdvisorShares Investments LLC bought a new stake in Nathan's Famous in the 4th quarter valued at about $149,000. Northern Trust Corp increased its holdings in shares of Nathan's Famous by 1.6% during the fourth quarter. Northern Trust Corp now owns 27,011 shares of the restaurant operator's stock valued at $2,123,000 after acquiring an additional 426 shares in the last quarter. Finally, State of Tennessee Department of Treasury acquired a new position in Nathan's Famous during the fourth quarter worth $294,000. 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.