Nathan's Famous, Inc. (NATH) Stock Price & Analysis
Nathan's Famous, Inc. (NATH) closed at USD 102.05 on Friday, October 23, 2026, up 0.00% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 102.05; the Oct 23, 2026 session ranged USD 101.95–102.06 on volume of 295,027 shares. Market capitalization is $418.17M, with a 52-week range of USD 88.67–110.92 (NMS). Source: Nexqual, retrieved October 29, 2026 at 06:32 UTC.
Also available as compact Markdown for AI agents: nexqual.com/NATH.md
Key facts (NATH)
- Last four reported quarters (through Jun 28, 2026): revenue $169M, net income $19.9M (11.8% margin), free cash flow $19.1M (SEC filings).
- Valuation: P/E 21.0x (avg 16.0x at the last 3 fiscal year-ends), EV/EBITDA 14.3x, net debt $22.9M.
- Analysts: None.
- Next earnings: 2026-11-06, EPS estimate USD —, revenue estimate $0K.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (NATH)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $115M | $131M | $139M | $148M | $162M | $169M |
| Gross profit | $49.7M | $55.6M | $55.4M | $58.5M | $55.5M | — |
| Operating income | $29.9M | $34.4M | $32.5M | $36.5M | $30.1M | $30.0M |
| Net income | $13.6M | $19.6M | $19.6M | $24.0M | $20.0M | $19.9M |
| EPS (diluted) | $3.30 | $4.80 | $4.80 | $5.87 | $4.85 | — |
| Free cash flow | $15.8M | $19.2M | $19.7M | $25.0M | $17.9M | $19.1M |
| Gross margin | 43.3% | 42.5% | 40.0% | 39.5% | 34.3% | — |
| Operating margin | 26.0% | 26.3% | 23.5% | 24.6% | 18.6% | 17.7% |
| Net margin | 11.8% | 15.0% | 14.2% | 16.2% | 12.4% | 11.8% |
| Revenue growth | +51.5% | +13.8% | +6.0% | +6.9% | +9.4% | — |
| Cash + short-term investments | $50.1M | $29.9M | $21.0M | $27.8M | $24.4M | — |
| Total debt | $110M | $80.0M | $59.6M | $50.5M | $48.1M | — |
Fiscal years end Mar. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 28, 2026) (NATH)
P/E 21.0x · P/S 2.5x · EV/EBITDA 14.3x · EV/Sales 2.6x · P/FCF 21.9x · FCF yield 4.56% · Earnings yield 4.76% · Net debt $22.9M · EV $441M
P/E at fiscal year-ends: Mar 2026 20.7x, Mar 2025 12.4x, Mar 2024 14.8x.
Analysts (NATH)
Consensus None.
NATH major shareholder filing: Schedule 13D/A, Oct 26, 2026
Howard M. Lorber filed a Schedule 13D/A with the SEC on Oct 26, 2026, reporting up to 0.00% of the class. A Schedule 13D is filed by an owner of more than 5% who may seek to influence the company. Item 4 (Purpose of Transaction), quoted from the filing:
On October 26, 2026 (the "Closing"), pursuant to the Agreement and Plan of Merger, dated January 20, 2026 (the "Merger Agreement"), by and among Smithfield Foods, Inc., a Virginia corporation (the "Buyer"), Boardwalk Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of the Buyer ("Merger Sub"), and the Company, Merger Sub merged with and into the Company (the "Merger"), with the Company continuing as the surviving corporation and a wholly-owned subsidiary of the Buyer. At the effective time of the Merger (the "Effective Time"), each share of Common Stock issued and outstanding immediately prior to the Effective Time, including the shares held directly by Mr. Lorber, by Lorber Alpha II LP and by Lorber Gamma LP, was cancelled and automatically converted into the right to receive $102.00 in cash, without interest and less any applicable withholding taxes (the "Merger Consideration"). In addition, pursuant to the Merger Agreement, each of the 20,000 restricted stock units held by Mr. Lorber were deemed earned and fully vested, was cancelled and extinguished as of the Effective Time and was converted into the right to receive an amount in cash equal to the Merger Consideration multiplied by the number of shares of Common Stock subject to such restricted stock units. Concurrently with the signing of the Merger Agreement on January 20, 2026, Buyer, Merger Sub and the Company entered into a Voting Agreement (the "Voting Agreement") with Mr. …
Source: SEC EDGAR, Schedule 13D/A filed Oct 26, 2026. Quoted word for word; Nexqual adds no interpretation.
NATH earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Dec 31, 2019 | $0.29 | — | — | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
NATH recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 28, 2026 | Schedule 13D/A | GAMCO INVESTORS, INC. ET AL, GABELLI FUNDS LLC: 0.0% of shares, 5%+ holder that may seek to influence the company (amended) |
| Oct 26, 2026 | Schedule 13D/A | Howard M. Lorber: 0.0% of shares, 5%+ holder that may seek to influence the company (amended) “On October 26, 2026 (the "Closing"), pursuant to the Agreement and Plan of Merger, dated January 20, 2026 (the "Merger Agreement"), by and among Smithfield Foods, Inc., a Virginia corporation (the "Buyer"), Boardwalk Merger Sub Inc., a Delaware corporation and a wholly-owned…” |
| Oct 26, 2026 | 25-NSE | Removal from exchange listing |
| Oct 26, 2026 | 8-K | Ended a material agreement; Completed an acquisition or sale of assets; Delisting notice or listing-rule failure; Change to shareholder rights; Change in control; Director or executive officer change, or pay arrangement; Bylaws or fiscal-year change “The information set forth in the Introductory Note of this Current Report on Form 8-K is incorporated by reference into this Item 1.02. In connection with the consummation of the Merger, on the Closing Date, the Company terminated the Credit Agreement (the " Company Credit Agreement "), dated as of July 10, 2024, by and among the Company, as borrower, the subsidiaries of the Company party thereto, as guarantors, the lenders from time to time party thereto and Citibank, N.A., as administrative agent, swingline…” |
| Oct 23, 2026 | 8-K | Shareholder vote results |
| Oct 14, 2026 | 8-K | Other material event “Explanatory Note As previously disclosed, on January 20, 2026, Nathan's Famous Inc., a Delaware corporation (the " Company ") entered into an Agreement and Plan of Merger (the " Merger Agreement ") with Smithfield Foods, Inc., a Virginia corporation (" Buyer ") and Boardwalk Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of Buyer (" Merger Sub "). Pursuant to the Merger Agreement, and upon the terms and subject to the conditions thereof, Merger Sub shall merge with and into the Company (the "…” |
| Aug 31, 2026 | Schedule 13D/A | GAMCO INVESTORS, INC. ET AL, GABELLI FUNDS LLC: 6.4% of shares, 5%+ holder that may seek to influence the company (amended) “The Reporting Persons file the long form Schedule 13D pursuant to Section 13d-1 of the Securities Exchange Act of 1934 (the "Act") even though they may be technically eligible to file the short form Schedule G. Because the Reporting Persons may regularly communicate with the…” |
| Aug 7, 2026 | 10-Q | Quarterly report · period ended Jun 28, 2026 |
| Aug 7, 2026 | 8-K | Quarterly results |
| Jul 24, 2026 | 10-K/A | Annual report · period ended Mar 29, 2026 |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
NATH suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Famous | “Nathan's World Famous Beef Hot Dogs are primarily manufactured by Smithfield Foods for sale at retail, for our Branded Product Program and for our restaurant system.” |
| Partner | SMITHFIELD FOODS INC (SFD) | “As a result of our partnership with Smithfield Foods, we expect Nathan's Famous products to continue penetrating the grocery, mass merchandising and club channels by expanding points of distribution in targeted, underpenetrated regions and through the development of new products.” |
| Partner | Lamb Weston Holdings, Inc. (LW) | “Lamb Weston, Inc. exercised its fourth option to extend the license agreement through July 2028, pursuant to which the minimum royalties will increase 5% annually.” |
| Partner | DiCarlo Distributors | “The strategic distribution partners under this agreement include: DiCarlo Distributors, Inc., Tapia Brothers Company, Cheney Brothers and Feesers, Inc. Our branded products are delivered to our ultimate customers throughout the country by numerous distributors, including US Foodservice, Inc., SYSCO Corporation, Performance Food Group Company, McLane Company, Inc. and DOT Foods.” |
| Partner | Cheney Brothers and Feesers | “The strategic distribution partners under this agreement include: DiCarlo Distributors, Inc., Tapia Brothers Company, Cheney Brothers and Feesers, Inc. Our branded products are delivered to our ultimate customers throughout the country by numerous distributors, including US Foodservice, Inc., SYSCO Corporation, Performance Food Group Company, McLane Company, Inc. and DOT Foods.” |
| Partner | US Foodservice | “The strategic distribution partners under this agreement include: DiCarlo Distributors, Inc., Tapia Brothers Company, Cheney Brothers and Feesers, Inc. Our branded products are delivered to our ultimate customers throughout the country by numerous distributors, including US Foodservice, Inc., SYSCO Corporation, Performance Food Group Company, McLane Company, Inc. and DOT Foods.” |
| Partner | SYSCO CORP (SYY) | “The strategic distribution partners under this agreement include: DiCarlo Distributors, Inc., Tapia Brothers Company, Cheney Brothers and Feesers, Inc. Our branded products are delivered to our ultimate customers throughout the country by numerous distributors, including US Foodservice, Inc., SYSCO Corporation, Performance Food Group Company, McLane Company, Inc. and DOT Foods.” |
| Partner | McLane Company | “The strategic distribution partners under this agreement include: DiCarlo Distributors, Inc., Tapia Brothers Company, Cheney Brothers and Feesers, Inc. Our branded products are delivered to our ultimate customers throughout the country by numerous distributors, including US Foodservice, Inc., SYSCO Corporation, Performance Food Group Company, McLane Company, Inc. and DOT Foods.” |
Quoted from the company's 10-K filed Jun 9, 2026.
NATH company outlook (results filed Aug 7, 2026)
- “We expect the transaction to close in the second half of 2026.”
Quoted word-for-word from the SEC 8-K results press release.
NATH analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year (ends Mar 2015) | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |
Key Statistics (as of October 29, 2026 at 06:32 UTC)
| Price | USD 102.05 |
|---|---|
| Change | ▲ 0.00% (up) |
| Previous Close | USD 102.05 |
| Open | USD 101.95 |
| Day Range | USD 101.95 – 102.06 |
| 52-Week Range | USD 88.67 – 110.92 |
| Volume | 295,027 shares |
| Market Cap | $418.17M |
| Exchange | NMS |
Analyst Ratings (NATH)
Wall Street analysts rate NATH "None", per Nexqual as of October 29, 2026 at 06:32 UTC.
| Consensus Rating | None |
|---|
Earnings (NATH)
| Next Earnings Date | 2026-11-06 |
|---|
Source: Nexqual, October 29, 2026 at 06:32 UTC.
Financials & Fundamentals (NATH)
| Total Revenue | $169.13M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +15.00% |
| Gross Margin | +29.08% |
| Operating Margin | +23.94% |
| Profit Margin | +11.78% |
| Current Ratio | 2.45 |
| Total Cash | $24.69M |
| Total Debt | $51.02M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $19.08M (11.3% of revenue) |
Source: Nexqual, October 29, 2026 at 06:32 UTC.
Financial Health Score (NATH)
Nexqual rates Nathan's Famous, Inc.'s overall financial health "Solid" across five dimensions, as of October 29, 2026 at 06:32 UTC.
| Growth | Strong — Revenue +16% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 33%, operating 18% (last 4 quarters to Jun 2026, SEC) |
| Balance Sheet | Mixed — $25M cash and investments vs $48M debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $19M (last 4 quarters to Jun 2026, SEC), 11% margin |
| Efficiency | Strong — ROE not meaningful (negative equity); ROA 30.7% (last 4 quarters, SEC) |
Ownership (NATH)
| Insider Ownership | +29.95% |
|---|---|
| Institutional Ownership | +56.93% |
| Shares Outstanding | 4.10M |
| Float | 2.86M |
| Short % of Float | +5.39% |
Source: Nexqual, October 29, 2026 at 06:32 UTC.
Major Backers & Investors (NATH)
Notable institutional backers of Nathan's Famous, Inc. include Gamco Investors, Inc ET AL, EQ Advisors Trust-1290 VT GAMCO Small Company Value Portfolio, Gabelli Funds, LLC, according to Nexqual as of October 29, 2026 at 06:32 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Gamco Investors, Inc ET AL | 6.67% |
| EQ Advisors Trust-1290 VT GAMCO Small Company Value Portfolio | 4.83% |
| Gabelli Funds, LLC | 4.39% |
| Renaissance Technologies | 3.86% |
| Gabelli Equity Series Funds Inc-The Gabelli Small Cap Growth Fund | 3.43% |
| Hotchkis & Wiley Capital Management, LLC | 1.63% |
| Fidelity | 1.35% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 6.18% |
| Vanguard Group | 2.82% |
| Geode Capital | 1.69% |
Source: Nexqual, October 29, 2026 at 06:32 UTC.
From Nathan's Famous, Inc.'s Latest SEC 10-K Filing (filed 2026-06-09)
Key Strengths & Strategy (as disclosed to the SEC)
- We are a leading branded licensor, wholesaler and retailer of products marketed under our Nathan's Famous brand, including our popular Nathan's World Famous Beef Hot Dogs.
- As of March 29, 2026, packaged Nathan's World Famous Beef Hot Dogs continued to be sold in supermarkets, mass merchandisers and club stores including Walmart, Kroger, Ahold, Publix, Albertsons, Safeway, ShopRite, Target, Costco and BJ's Wholesale Club located in all 50 states.
- Using premium cuts of meat, our proprietary spice mix and based on a recipe originally developed in 1916, our hot dogs have a unique flavor and texture that consumers are drawn to.
- We believe that our high brand awareness allows us to sell hot dogs at a premium price compared to competing brands across all channels of distribution.
Partnerships
- We currently utilize a cooperative distribution system pursuant to an agreement with National Distribution Alliance, a UniPro Solutions Company, which is comprised of institutional food and non-food distributors organized to procure, distribute, and market food service and non-food merchandise for the distribution needs of our domestic restaurant system.
- As a result of our partnership with Smithfield Foods, we expect Nathan's Famous products to continue penetrating the grocery, mass merchandising and club channels by expanding points of distribution in targeted, underpenetrated regions and through the development of new products.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in franchise regulations and laws could impact our ability to obtain or retain licenses or approvals and adversely affect our business, financial condition, results of operations and prospects.
- We are subject to health, employment, environmental and other government regulations, and failure to comply with existing or future government regulations could expose us to litigation, damage our corporate reputation or the reputation of our brands and lower profits.
- Failure by third-party manufacturers or suppliers of raw materials to comply with food safety, environmental or other regulations may disrupt our supply of certain products and adversely affect our business.
- We are subject to many federal, state and local laws, as well as statutory and regulatory requirements. Failure to comply with, or changes in these laws or requirements, could have an adverse impact on our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| FWRG | First Watch Restaurant Group, I | USD 11.55 | ▲ 4.15% |
| CNNE | Cannae Holdings, Inc. | USD 16.85 | ▲ 1.94% |
| BLMN | Bloomin' Brands, Inc. | USD 9.99 | ▲ 10.02% |
| BH | Biglari Holdings Inc. | USD 384.65 | ▼ 0.37% |
| BJRI | BJ's Restaurants, Inc. | USD 60.51 | ▲ 5.31% |
| SG | Sweetgreen, Inc. | USD 11.24 | ▲ 9.02% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 06:32 UTC. This page is informational and not investment advice.
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