Shares of the company are trading at $77.10 barely above the 50 day moving average of $71.74 and which is impressively higher than the 200 day moving average of $65.60. The 50 day moving average was up $5.36 or +7.46% whereas the 200 day moving average was up $11.50 or +17.53%. Nathan’s Famous, Inc. shares had a trading volume of 488 on Tuesday. Overall, volume was down 95.38% under the stocks normal daily volume.
Traders are a little more bullish of late if you evaluate the decrease in short interest. The company recorded a fall in short interest between September 15, 2017 and September 29, 2017 of -5.18%. Short shares fell 5,622 over that timeframe. With short interest at 102,929 and short average daily volume at 17,597, the short-interest ratio is 6.0 and the short interest percentage is 0.02% as of September 29.
The following firms have recently changed their position in NATH. Teton Advisors, Inc. augmented its holdings by buying 9,102 shares an increase of 4.4% from 03/31/2017 to 06/30/2017. Teton Advisors, Inc. claims 213,736 shares with a value of $13,465,000. The value of the position overall is up by 5.0%. As of quarter end Ubs Group Ag had disposed of 220 shares trimming its stake by 77.2%. The value of the total investment in Nathan’s Famous, Inc. went from $18,000 to $4,000 a change of $14,000 quarter to quarter.
Stanley-laman Group, Ltd. bolstered its ownership by buying 979 shares an increase of 17.4%. Stanley-laman Group, Ltd. owns 6,608 shares worth $416,000. The total value of its holdings increased 17.8%. As of the end of the quarter Iszo Capital Management Lp had sold a total of 5,798 shares trimming its position 3.6%. The value of the investment in NATH decreased from $10,352,000 to $9,630,000 a change of 7.0% for the reporting period.
The most current P/E ratio is 47.53 and the market cap is 322.20M.
Nathan’s Famous, Inc. (Nathan’s), launched on 10, July 1992, is a licensor, wholesaler and retailer of products marketed under Nathan’s Famous brand. The Business’s products are marketed for sale in approximately 55,000 locations, including supermarkets, mass merchandisers and club stores, selected foodservice locations and Company-owned and franchised restaurants throughout the United States and in over 10 foreign territories and countries. The Company also owns, through its subsidiary, NF Treacher’s Corp., the Arthur Treacher’s brand and trademarks..