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 trading hands.

Nathan’s Famous Stock Performance

The stock has a market cap of $264.18 million, a P/E ratio of 14.06 and a beta of 0.24. The business has a 50 day simple moving average of $68.46 and a 200-day simple moving average of $69.20.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings data on Thursday, February 1st. The restaurant operator reported $0.64 earnings per share (EPS) 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.09%. Nathan’s Famous’s dividend payout ratio (DPR) is presently 43.01%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NATH. BlackRock Inc. grew its stake in shares of Nathan’s Famous by 491.9% during the 2nd quarter. BlackRock Inc. now owns 119,812 shares of the restaurant operator’s stock worth $9,410,000 after acquiring an additional 99,569 shares during the period. Geode Capital Management LLC lifted its holdings in Nathan’s Famous by 90.6% during the 2nd quarter. Geode Capital Management LLC now owns 55,670 shares of the restaurant operator’s stock worth $4,372,000 after purchasing an additional 26,461 shares in the last quarter. Millennium Management LLC lifted its holdings in Nathan’s Famous by 362.6% during the 2nd quarter. Millennium Management LLC now owns 33,033 shares of the restaurant operator’s stock worth $1,935,000 after purchasing an additional 25,893 shares in the last quarter. State Street Corp lifted its holdings in Nathan’s Famous by 170.2% during the 2nd quarter. State Street Corp now owns 30,831 shares of the restaurant operator’s stock worth $2,421,000 after purchasing an additional 19,421 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Nathan’s Famous by 205.4% during the 2nd quarter. Northern Trust Corp now owns 27,890 shares of the restaurant operator’s stock worth $2,190,000 after purchasing an additional 18,757 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

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.