Nathan's Famous, Inc. (NASDAQ:NATH - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $78.25 and traded as high as $79.97. Nathan's Famous shares last traded at $79.78, with a volume of 8,170 shares trading hands.
Nathan's Famous Stock Up 0.4 %
The firm has a market cap of $327.33 million, a price-to-earnings ratio of 15.01 and a beta of 0.22. The stock's 50 day moving average is $85.63 and its 200 day moving average is $78.32.
Nathan's Famous Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Monday, November 25th. Nathan's Famous's dividend payout ratio (DPR) is presently 37.45%.
Institutional Trading of Nathan's Famous
Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in Nathan's Famous by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 32,290 shares of the restaurant operator's stock worth $2,189,000 after acquiring an additional 430 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of Nathan's Famous in the 2nd quarter worth approximately $813,000. Annex Advisory Services LLC lifted its stake in Nathan's Famous by 15.4% during the third quarter. Annex Advisory Services LLC now owns 14,732 shares of the restaurant operator's stock valued at $1,192,000 after purchasing an additional 1,961 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Nathan's Famous by 2.8% during the third 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. Finally, GSA Capital Partners LLP acquired a new position in Nathan's Famous in the third quarter worth approximately $309,000. Institutional investors and hedge funds own 66.54% of the company's stock.
About Nathan's Famous
(
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 Articles
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
