Nathan’s Famous (NASDAQ:NATH) Share Price Crosses Below 200 Day Moving Average of $69.24

Nathan’s Famous, Inc. (NASDAQ:NATH)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $69.24 and traded as low as $65.24. Nathan’s Famous shares last traded at $65.31, with a volume of 4,395 shares changing hands.

Nathan’s Famous Stock Down 0.6 %

The company has a fifty day simple moving average of $68.46 and a 200-day simple moving average of $69.20. The firm has a market cap of $264.18 million, a P/E ratio of 14.06 and a beta of 0.24.

Nathan’s Famous (NASDAQ:NATH) last released its quarterly earnings data on Thursday, February 1st. The restaurant operator reported $0.64 earnings per share for the quarter. The firm had revenue of $28.89 million during the quarter. Nathan’s Famous had a negative return on equity of 49.23% and a net margin of 13.84%.

Nathan’s Famous Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 20th were given a $0.50 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.09%. Nathan’s Famous’s dividend payout ratio is currently 43.01%.

Institutional Investors Weigh In On Nathan’s Famous

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NATH. Bank of New York Mellon Corp raised its holdings in shares of Nathan’s Famous by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 20,571 shares of the restaurant operator’s stock worth $1,555,000 after buying an additional 149 shares during the period. Tower Research Capital LLC TRC boosted its position in Nathan’s Famous by 102.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 336 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 170 shares in the last quarter. UBS Group AG boosted its position in Nathan’s Famous by 38.5% during the 2nd quarter. UBS Group AG now owns 630 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 175 shares in the last quarter. First Trust Advisors LP boosted its position in Nathan’s Famous by 2.4% during the 4th quarter. First Trust Advisors LP now owns 7,624 shares of the restaurant operator’s stock valued at $595,000 after acquiring an additional 181 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Nathan’s Famous by 1.1% during the 4th quarter. Millennium Management LLC now owns 17,212 shares of the restaurant operator’s stock valued at $1,157,000 after acquiring an additional 189 shares in the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

About Nathan’s Famous

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.