Nathan’s Famous (NASDAQ:NATH) Shares Cross Above 200-Day Moving Average of $63.76

Nathan’s Famous, Inc. (NASDAQ:NATHGet Rating)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $63.76 and traded as high as $71.87. Nathan’s Famous shares last traded at $71.85, with a volume of 6,814 shares.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Nathan’s Famous in a report on Wednesday, October 12th. They set a “strong-buy” rating on the stock.

Nathan’s Famous Price Performance

The company has a market capitalization of $293.15 million, a P/E ratio of 16.95 and a beta of 0.18. The company has a fifty day moving average price of $67.17 and a two-hundred day moving average price of $63.76.

Nathan’s Famous (NASDAQ:NATHGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The restaurant operator reported $1.46 earnings per share for the quarter. The company had revenue of $37.50 million for the quarter. Nathan’s Famous had a negative return on equity of 33.35% and a net margin of 13.59%.

Nathan’s Famous Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 2nd. Investors of record on Monday, November 21st were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Friday, November 18th. Nathan’s Famous’s dividend payout ratio is currently 42.45%.

Insider Buying and Selling

In related news, Director Brian S. Genson sold 2,000 shares of Nathan’s Famous stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $65.62, for a total value of $131,240.00. Following the transaction, the director now directly owns 14,942 shares of the company’s stock, valued at $980,494.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 31.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Nathan’s Famous

Several institutional investors have recently added to or reduced their stakes in NATH. Raymond James & Associates lifted its stake in Nathan’s Famous by 3.1% in the first quarter. Raymond James & Associates now owns 10,291 shares of the restaurant operator’s stock valued at $557,000 after buying an additional 312 shares during the period. Bank of New York Mellon Corp lifted its stake in Nathan’s Famous by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 23,736 shares of the restaurant operator’s stock valued at $1,286,000 after buying an additional 307 shares during the period. Vanguard Group Inc. lifted its stake in Nathan’s Famous by 3.1% in the first quarter. Vanguard Group Inc. now owns 130,926 shares of the restaurant operator’s stock valued at $7,092,000 after buying an additional 3,887 shares during the period. Gamco Investors INC. ET AL lifted its stake in Nathan’s Famous by 5.0% in the first quarter. Gamco Investors INC. ET AL now owns 266,201 shares of the restaurant operator’s stock valued at $14,420,000 after buying an additional 12,785 shares during the period. Finally, Gabelli Funds LLC lifted its stake in Nathan’s Famous by 1.1% in the first quarter. Gabelli Funds LLC now owns 166,500 shares of the restaurant operator’s stock valued at $9,019,000 after buying an additional 1,785 shares during the period. 35.97% of the stock is owned by institutional investors and hedge funds.

About Nathan’s Famous

(Get Rating)

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.

Read More

Receive News & Ratings for Nathan's Famous Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nathan's Famous and related companies with MarketBeat.com's FREE daily email newsletter.