Nathan's Famous (NASDAQ:NATH) Stock Crosses Above 200-Day Moving Average - Here's What Happened

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.

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 Stock Performance

The business's fifty day moving average price is $93.37 and its two-hundred day moving average price is $86.55. The firm has a market capitalization of $370.26 million, a P/E ratio of 15.61 and a beta of 0.21.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last posted 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.00 annualized dividend and a yield of 2.21%. Nathan's Famous's dividend payout ratio (DPR) is 34.48%.

Institutional Investors Weigh In On Nathan's Famous

Several institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new position in shares of Nathan's Famous in the 4th quarter valued at approximately $397,000. Geode Capital Management LLC raised its holdings in shares of Nathan's Famous by 3.3% in the third quarter. Geode Capital Management LLC now owns 63,252 shares of the restaurant operator's stock worth $5,118,000 after buying an additional 2,011 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Nathan's Famous by 125.5% during the third quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator's stock worth $384,000 after buying an additional 2,640 shares during the period. Ellsworth Advisors LLC purchased a new stake in shares of Nathan's Famous during the fourth quarter valued at $589,000. Finally, Barclays PLC increased its position in shares of Nathan's Famous by 271.3% in the 3rd quarter. Barclays PLC now owns 4,084 shares of the restaurant operator's stock valued at $330,000 after acquiring an additional 2,984 shares during the period. Institutional investors and hedge funds own 66.54% of the company's stock.

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.