Nathan’s Famous (NASDAQ:NATH) Shares Cross Below Two Hundred Day Moving Average of $69.68

Nathan’s Famous, Inc. (NASDAQ:NATH)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $69.68 and traded as low as $70.75. Nathan’s Famous shares last traded at $71.00, with a volume of 101 shares traded.

Separately, BidaskClub downgraded Nathan’s Famous from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th.

The firm has a market capitalization of $299.27 million, a price-to-earnings ratio of 20.99 and a beta of 0.22. The stock has a 50 day moving average of $68.24 and a 200 day moving average of $69.68.

Nathan’s Famous (NASDAQ:NATH) last posted its quarterly earnings results on Friday, August 9th. The restaurant operator reported $1.28 EPS for the quarter. The business had revenue of $30.52 million during the quarter. Nathan’s Famous had a negative return on equity of 19.83% and a net margin of 21.59%.

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were paid a $0.35 dividend. The ex-dividend date was Friday, August 23rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.97%.

A number of large investors have recently bought and sold shares of the stock. Gamco Investors INC. ET AL grew its stake in Nathan’s Famous by 0.8% in the second quarter. Gamco Investors INC. ET AL now owns 247,657 shares of the restaurant operator’s stock worth $19,347,000 after purchasing an additional 1,900 shares in the last quarter. BlackRock Inc. lifted its holdings in Nathan’s Famous by 5.2% in the second quarter. BlackRock Inc. now owns 162,646 shares of the restaurant operator’s stock worth $12,706,000 after acquiring an additional 8,086 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Nathan’s Famous by 1.0% in the second quarter. Vanguard Group Inc. now owns 150,007 shares of the restaurant operator’s stock worth $11,718,000 after acquiring an additional 1,538 shares during the last quarter. Northern Trust Corp lifted its holdings in Nathan’s Famous by 1.7% in the second quarter. Northern Trust Corp now owns 39,746 shares of the restaurant operator’s stock worth $3,106,000 after acquiring an additional 647 shares during the last quarter. Finally, Confluence Investment Management LLC lifted its holdings in Nathan’s Famous by 3.1% in the second quarter. Confluence Investment Management LLC now owns 25,472 shares of the restaurant operator’s stock worth $1,990,000 after acquiring an additional 771 shares during the last quarter. Institutional investors and hedge funds own 41.16% of the company’s stock.

Nathan’s Famous Company Profile (NASDAQ:NATH)

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.

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