Nathan’s Famous (NASDAQ:NATH) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Nathan’s Famous, Inc. (NASDAQ:NATH – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $100.06 and traded as high as $101.99. Nathan’s Famous shares last traded at $101.94, with a volume of 35,229 shares.

Wall Street Analyst Weigh In

Several research firms have issued reports on NATH. Weiss Ratings reiterated a “buy (b-)” rating on shares of Nathan’s Famous in a research note on Thursday, October 15th. Wall Street Zen upgraded shares of Nathan’s Famous to a “hold” rating in a research report on Saturday, September 26th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Nathan’s Famous presently has a consensus rating of “Buy”.

Check Out Our Latest Stock Report on Nathan’s Famous

Nathan’s Famous Stock Performance

The business has a 50 day simple moving average of $99.40 and a two-hundred day simple moving average of $100.07. The firm has a market capitalization of $418.20 million, a P/E ratio of 21.13 and a beta of 0.25.

Nathan’s Famous (NASDAQ:NATH – Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The restaurant operator reported $2.14 earnings per share (EPS) for the quarter. Nathan’s Famous had a negative return on equity of 187.25% and a net margin of 11.78%. The firm had revenue of $54.06 million during the quarter.

Institutional Trading of Nathan’s Famous

Several institutional investors and hedge funds have recently made changes to their positions in NATH. Legal & General Group Plc bought a new stake in Nathan’s Famous during the second quarter worth about $28,000. Bank of New York Mellon Corp boosted its holdings in shares of Nathan’s Famous by 1.7% in the 1st quarter. Bank of New York Mellon Corp now owns 28,852 shares of the restaurant operator’s stock worth $2,906,000 after purchasing an additional 476 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Nathan’s Famous by 389.4% in the 3rd quarter. Signaturefd LLC now owns 602 shares of the restaurant operator’s stock worth $61,000 after purchasing an additional 479 shares in the last quarter. Longfellow Investment Management Co. LLC bought a new position in shares of Nathan’s Famous during the 2nd quarter valued at about $153,000. Finally, Callan Family Office LLC bought a new position in shares of Nathan’s Famous during the 2nd quarter valued at about $216,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Nathan’s Famous Company Profile

(Get Free Report)

Nathan’s Famous, Inc is a foodservice and consumer food products company best known for its Nathan’s Famous brand of hot dogs. The company’s offerings include hot dogs, sausages, hamburgers, crinkle-cut fries, chicken products, sandwiches, and other menu items served through restaurants, concessions, and foodservice channels.

The Nathan’s Famous brand originated in 1916, when Nathan Handwerker opened a hot dog stand in Coney Island, Brooklyn. Today, the company operates and franchises restaurants and sells branded products through grocery retailers, mass merchants, club stores, and foodservice distributors.

Further Reading

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