Nathan's Famous, Inc.
NATH · Price history
Price at last available close
$102.05
+$0.57 (+0.56%) 1M
2026-10-23
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Company & revenue
About Nathan's Famous, Inc.
Primary reporting period: 2026-03-29 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Nathan's Famous, Inc. (NATH) operates primarily within the foodservice sector, encompassing both direct operations and an extensive licensing model. The company manages and licenses out restaurant locations operating under the iconic Nathan's Famous banner, while also distributing a wide array of products featuring their well-known trademarks across numerous retail and commercial outlets. A significant portion of their business revolves around licensing agreements.
How they make money
Nathan's Famous operates through a multi-channel business model that generates revenue via royalties from licensing its brand to third-party manufacturers for retail distribution, franchise fees and royalties from restaurant operators, and direct sales from company-owned restaurants and the Branded Menu Program.
Products & services
The company markets and sells Nathan's World Famous Beef Hot Dogs, crinkle-cut French fries, and other menu items through retail grocery channels, franchised restaurants, virtual kitchens, and foodservice providers.
Brands & revenue mix
The company's primary brand featuring hot dogs and French fries.
Separate brand revenue is not available in this research.Source
A secondary brand focused on fish and chips.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
Period ended 2026-03-29Source
Period ended 2026-03-29Source
Period ended 2026-03-29Source
Period ended 2026-03-29Source
Period ended 2026-03-29Source
Period ended 2026-03-29Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
Customer types
Customer concentration
The company's licensing business relies on a limited number of licensees to manufacture and distribute products, and its restaurant business relies on franchisees to operate locations.
Suppliers, materials & equipment
- Foodservice distributors — The company relies on various third-party distributors to supply food products and packaging to its restaurant locations.Source
Business relationships & partnerships
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
42
Weak
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
62
Fair
Financial Strength
63
Business Quality / Moat
52
Management
80
Growth Quality
34
Risk / Durability
93
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
40
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
43/100
Building Historical Record
Model Score 43/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Balance-sheet / debt profile scores strongly
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for NATH
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can NATH maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is NATH's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is NATH's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify NATH's current valuation?
Essential Investment Snapshot
Wall Street Score
42
Opportunity Score
40
Market Cap
$418.2M
P/E Ratio
20.9
EPS
$4.87
52-Week High
$111.39
52-Week Low
$88.67
Beta
0.28
Intrinsic Value
$113.56
Shares Outstanding
4.1M
Total Revenue
$169.1M
Total Debt
$51.0M
Dividend Yield (TTM)
3.92%
Liquidation Value / Share
$-1.74
Dividend / Share (TTM)
$4.00
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for NATH
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Community Sentiment
0 active · 0 total callsNo personal call yet on NATH.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Highly recognizable brand.
- +Diversified multi-channel business model.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Restaurants industry.
- −Dependence on third-party licensees and franchisees.
- −Fluctuations in commodity costs.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
42
Oct 1, 2026
Change
-0.1
points
Current Score
42
Oct 8, 2026
Category Changes
NATH decreased 0.1 points because some fundamentals weakened.
Projected Score
Projected Score
39
Projected Change
-2.4 points
Preliminary comparable-period financial changes suggest decline of approximately 2.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$102.05
Model Intrinsic Value
$113.56
Difference
−$11.51
-10.1% vs IV
Margin of Safety
10.1%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2026 | 2025 | 2025 | 2024 | 2023 | 2023 | 2022 | 2022 | 2021 | 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $169.1M | $162.1M | $148.2M | $148.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $120.2M | $113.1M | $96.2M | $96.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $49.0M | $48.9M | $52.0M | $52.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $16.6M | $17.9M | $14.5M | $14.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $19.0M | $18.8M | $15.5M | $15.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $31.8M | $32.0M | $37.8M | $37.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $30.0M | $30.1M | $36.5M | $36.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $2.8M | $2.9M | $4.1M | $4.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $28.1M | $28.2M | $32.8M | $32.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $8.2M | $8.2M | $8.7M | $8.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $19.9M | $20.0M | $24.0M | $24.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $4.87 | $4.89 | $5.88 | $5.88 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 4.09M | 4.09M | 4.09M | 4.09M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 4.13M | 4.12M | 4.09M | 4.09M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$54.1M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$2.14
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-7.1%
Cash Change
-8.1%
Margin Change
-2.7 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Debt reduced
What Weakened
- Margins contracted
- Cash position declined
Potential Score Impact
Positive indicators included revenue growth, debt levels. Pressure indicators included EPS growth, cash levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 15.0%. EPS declined 0.9%. Cash declined 8.1%. Total debt declined 7.1%. Net income margin declined by 2.7 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
8
Smart Money
8
Number of Gurus
1
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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News
Analyzing Nathan’s Famous (NASDAQ:NATH) & NextTrip (NASDAQ:NTRP)
Squarepoint Ops LLC Purchases 6,996 Shares of Nathan’s Famous, Inc. $NATH
BlackRock Inc. Takes Position in Nathan’s Famous, Inc. $NATH
BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Varex Imaging Corporation (Nasdaq – VREX), Synlogic, Inc. (OTC – SYBX), Bowman Consulting Group Ltd. (Nasdaq – BWMN), Nathan's Famous, Inc. (Nasdaq – NATH)
Rumor Mill · NATH
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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