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Nathans Famous, Inc. (NATH) stock

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NASDAQ: NATH Nasdaq Restaurants Next results ~November 6, 2026

B Fundamentals grade

Nathans Famous, Inc. is a US-listed company in the restaurants industry. Its financial year ends in March.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$150

Cash-flow model

Base case. Range ~$110–$210 across our lower- and higher-growth cases (5.4%–15.4% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 51% above it.

Price used: $102.05, October 27, 2026

Nathans Famous, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds70 adding, 46 cuttingOf 24 active managers that changed their stake, 12 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Nathans Famous files

Where Nathans Famous stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $169m, up 12.4% on a year earlier, faster than the 9.4% growth a quarter earlier. That growth ranks 7 of 38 among the restaurants companies we cover. Free-cash-flow margin fell to 11.3% from 13.1% a year earlier. Operating margin narrowed to 17.7% from 23.6%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 4 of our 5 financial-health checks. Our cash-flow model value is $153 a share.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 6, 2026 (estimated)

Nathans Famous, Inc.'s trailing-twelve-month revenue grew 12.4% year on year, with a free-cash-flow margin of 11.3%. Where it stands out: change in growth rate of +3.1pp ranks 5 of 44 restaurants companies we cover. Where it lags: long-term debt as % of assets of 69.7% ranks 30 of 36 restaurants companies we cover.

Our discounted-cash-flow model values the business at ~$150 per share in the base case (~$110–$210 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Operating margin compressing: TTM operating margin fell to 17.7%, down 5.9pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $102.05 is 51% below our value per share of $150.
  • Growth speeding up. The growth rate is 3.1 points higher than a quarter earlier.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Margins narrowing. Operating margin is down 5.9 points on a year ago.
  • Gross margin slipping. Gross margin is down 5.2 points on a year ago.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 69.7% ranks 30 of 36 restaurants companies we cover (median 29.0%).

Latest results: FY2027 Q1

Filed August 7, 2026
Revenue
$54m, up 15.0% on a year earlier
Next report
November 6, 2026

Nathans Famous' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$169M
Operating margin
17.7%
Net margin
11.8%
EPS (TTM, diluted)
$4.83

Growth

Revenue growth
+12.4%
Change in growth rate
+3.1 pts
Share count change
+0.5%

Cash

Free cash flow (TTM)
$19.1M
FCF margin
11.3%
Stock pay % of revenue
0.7%

Earnings

Last results
August 7, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Shareholder vote
  3. Announcement
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Nathans Famous, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 3.4% a year of cash-flow growth for five years.That is close to the 8.0% a year revenue growth Nathans Famous has delivered.

  • Priced in3.4%
  • Last 12 months12.4%
  • 3 years a year8.3%
  • 5 years a year8.0%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($102.05, Oct 27, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$150
Price used
$102.05close October 27, 2026
Implied change
▲ +51%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Nathans Famous, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($24.5M, FY2027 Q1 TTM), growing 10.4% a year for five years and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$110–~$210 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Nathans Famous, Inc.'s free cash flow after stock-based pay ( $24.5M, FY2027 Q1 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Nathans Famous, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.85 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$150 ~$110–$210 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$88 ~$81–$160 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: book value or earnings not available
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$130 ~$88–$150 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Nathans Famous, Inc. with Restaurants in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +33%
  • Free-cash-flow margin 1 point lower ▼ −8%
  • Last year's free-cash-flow margin change, if it persists ▼ −13%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $81$112$153$206$277$368
8.5% $60$83$112$151$201$266
10% $48$66$88$118$156$205

Valuation multiples over time Market data may be delayed

At fiscal year end Now
Share price$102.05
Market value$421m
+ Net debt (− = net cash)$23m
Enterprise value$444m
Multiples
Price / sales 2.5x
Price / earnings 21.1x
Price / free cash flow 22.1x
EV / EBITDA 14.4x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

74 /100

Strong moat

How hard Nathans Famous's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 19.5% of total assets over 10 years.

  • Pricing power 2 / 20

    Gross margin has been a median 17.8%, moving by 8.1 percentage points (standard deviation) across 9 years.

  • Durability 18 / 20

    Operating margin has been a median 26.1%; its worst year was 17.7%.

  • Cash conversion 16 / 20

    Free cash flow was positive in 10 of 10 years, at a median 12.7% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 1.7% over five years; stock-based pay has been a median 0.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 6, 2026, before the open.

Analysts' consensus

No analyst estimates are published for Nathans Famous, Inc.: too few analysts cover it.

Positioning

Short interest
5.4%
of tradable shares
Days to cover
3.99
at average volume
Short interest, 1 month
−1%
to October 15, 2026
Held by institutions
57%
of shares
Held by insiders
30.0%
of shares
Employees
129
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to October 27, 2026.

Nathans Famous, Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Nathans Famous, Inc.
$130M $140M $150M $160M $170M FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $134.3M Revenue (TTM), FY24 Q3: $137M Revenue (TTM), FY24 Q4: $138.6M Revenue (TTM), FY25 Q1: $141.4M Revenue (TTM), FY25 Q2: $143.8M Revenue (TTM), FY25 Q3: $146.4M Revenue (TTM), FY25 Q4: $148.2M Revenue (TTM), FY26 Q1: $150.4M Revenue (TTM), FY26 Q2: $155M Revenue (TTM), FY26 Q3: $157.8M Revenue (TTM), FY26 Q4: $162.1M Revenue (TTM), FY27 Q1: $169.1M $169.1M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $134.3M
FY24 Q3 $137M
FY24 Q4 $138.6M
FY25 Q1 $141.4M
FY25 Q2 $143.8M
FY25 Q3 $146.4M
FY25 Q4 $148.2M
FY26 Q1 $150.4M
FY26 Q2 $155M
FY26 Q3 $157.8M
FY26 Q4 $162.1M
FY27 Q1 $169.1M
Revenue growth, TTM YoY Nathans Famous, Inc.
4% 6% 8% 10% 12% 14% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: 5.0% Revenue growth, TTM YoY, FY24 Q3: 6.9% Revenue growth, TTM YoY, FY24 Q4: 6.0% Revenue growth, TTM YoY, FY25 Q1: 6.3% Revenue growth, TTM YoY, FY25 Q2: 7.0% Revenue growth, TTM YoY, FY25 Q3: 6.8% Revenue growth, TTM YoY, FY25 Q4: 6.9% Revenue growth, TTM YoY, FY26 Q1: 6.4% Revenue growth, TTM YoY, FY26 Q2: 7.8% Revenue growth, TTM YoY, FY26 Q3: 7.8% Revenue growth, TTM YoY, FY26 Q4: 9.4% Revenue growth, TTM YoY, FY27 Q1: 12.4% 12.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 5.0%
FY24 Q3 6.9%
FY24 Q4 6.0%
FY25 Q1 6.3%
FY25 Q2 7.0%
FY25 Q3 6.8%
FY25 Q4 6.9%
FY26 Q1 6.4%
FY26 Q2 7.8%
FY26 Q3 7.8%
FY26 Q4 9.4%
FY27 Q1 12.4%
Operating margin (TTM) Nathans Famous, Inc.
16% 18% 20% 22% 24% 26% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: 24.8% Operating margin (TTM), FY24 Q3: 23.4% Operating margin (TTM), FY24 Q4: 23.5% Operating margin (TTM), FY25 Q1: 24.6% Operating margin (TTM), FY25 Q2: 24.6% Operating margin (TTM), FY25 Q3: 25.2% Operating margin (TTM), FY25 Q4: 24.6% Operating margin (TTM), FY26 Q1: 23.6% Operating margin (TTM), FY26 Q2: 21.6% Operating margin (TTM), FY26 Q3: 20.1% Operating margin (TTM), FY26 Q4: 18.6% Operating margin (TTM), FY27 Q1: 17.7% 17.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 24.8%
FY24 Q3 23.4%
FY24 Q4 23.5%
FY25 Q1 24.6%
FY25 Q2 24.6%
FY25 Q3 25.2%
FY25 Q4 24.6%
FY26 Q1 23.6%
FY26 Q2 21.6%
FY26 Q3 20.1%
FY26 Q4 18.6%
FY27 Q1 17.7%
FCF margin (TTM) Nathans Famous, Inc.
10% 12% 14% 16% 18% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: 15.7% FCF margin (TTM), FY24 Q3: 14.4% FCF margin (TTM), FY24 Q4: 14.2% FCF margin (TTM), FY25 Q1: 16.0% FCF margin (TTM), FY25 Q2: 16.1% FCF margin (TTM), FY25 Q3: 16.8% FCF margin (TTM), FY25 Q4: 16.9% FCF margin (TTM), FY26 Q1: 13.1% FCF margin (TTM), FY26 Q2: 12.9% FCF margin (TTM), FY26 Q3: 14.0% FCF margin (TTM), FY26 Q4: 11.0% FCF margin (TTM), FY27 Q1: 11.3% 11.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 15.7%
FY24 Q3 14.4%
FY24 Q4 14.2%
FY25 Q1 16.0%
FY25 Q2 16.1%
FY25 Q3 16.8%
FY25 Q4 16.9%
FY26 Q1 13.1%
FY26 Q2 12.9%
FY26 Q3 14.0%
FY26 Q4 11.0%
FY27 Q1 11.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Nathans Famous took in during FY2026, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $162M
  2. Cost of revenue $107M · 65.7%
  3. Gross profit $55.5M · 34.3%
  4. Selling, general and admin $17.9M · 11.0%
  5. Other operating costs $7.5M · 4.7%
  6. Operating income $30.1M · 18.6%
  7. Income tax $8.2M · 5.0%
  8. Interest and other $1.9M · 1.2%
  9. Net income $20M · 12.4%

Shares of revenue. Source: Nathans Famous's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Mar 2010 2011 Mar 2011 2012 Mar 2012 2013 Mar 2013 2014 Mar 2014 2015 Mar 2015 2016 Mar 2016 2017 Mar 2017 2018 Mar 2018 2019 Mar 2019 2020 Mar 2020 2021 Mar 2021 2022 Mar 2022 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026 LTM Jun 2026
Income
Revenue 51 57 66 71 80 99 100 96 104 102 103 76 115 131 139 148 162 169
Gross profit — — — — — — 43 45 45 49 49 43 50 56 55 58 56 56
EBITDA — — — 13 12 21 26 28 28 29 28 27 31 36 34 37 31 31
Operating income — — — 12 11 20 25 26 27 28 27 26 30 34 33 36 30 30
Net income 6 2 6 7 8 12 6 7 3 21 13 11 14 20 20 24 20 20
Diluted EPS $0.97 $0.40 $1.22 $1.63 $1.81 $2.55 $1.37 $1.78 $0.62 $5.09 $3.19 $2.69 $3.30 $4.80 $4.80 $5.87 $4.85 $4.83
Growth (year on year)
Revenue — +12.5% +15.7% +7.3% +12.2% +24.3% +1.3% −4.2% +8.3% −2.3% +1.4% −26.6% +51.5% +13.8% +6.0% +6.9% +9.4% +12.4%
EBITDA — — — — −7.5% +75.6% +23.6% +5.2% +3.2% +2.6% −2.7% −6.0% +15.8% +15.1% −5.4% +11.3% −17.2% −15.3%
Operating income — — — — −9.9% +82.7% +25.1% +5.3% +3.1% +3.2% −2.9% −6.1% +17.0% +15.3% −5.6% +12.3% −17.5% −15.7%
Net income — −60.3% +178.3% +21.3% +11.5% +40.5% −47.9% +22.8% −64.9% +717.2% −37.5% −17.6% +22.8% +44.3% −0.0% +22.5% −16.7% −15.9%
Diluted EPS — −58.8% +205.0% +33.6% +11.0% +40.9% −46.3% +29.9% −65.2% +721.0% −37.3% −15.7% +22.7% +45.5% 0.0% +22.3% −17.4% −16.3%
Margins
Gross margin — — — — — — 42.7% 46.4% 43.6% 48.2% 47.3% 57.1% 43.3% 42.5% 40.0% 39.5% 34.3% 33.0%
EBITDA margin — — — 18.4% 15.1% 21.4% 26.1% 28.6% 27.3% 28.7% 27.5% 35.2% 26.9% 27.2% 24.3% 25.3% 19.1% 18.3%
Operating margin — — — 17.1% 13.7% 20.1% 24.9% 27.3% 26.0% 27.5% 26.3% 33.6% 26.0% 26.3% 23.5% 24.6% 18.6% 17.7%
Net margin 10.9% 3.9% 9.3% 10.5% 10.4% 11.8% 6.1% 7.8% 2.5% 21.1% 13.0% 14.6% 11.8% 15.0% 14.2% 16.2% 12.4% 11.8%
Free-cash-flow margin 9.8% 10.4% 12.5% 12.0% −1.8% 11.9% 11.3% 9.6% 17.6% 10.5% 11.1% 14.8% 13.8% 14.7% 14.2% 16.9% 11.0% 11.3%
Cash flow
Cash from operations 7 7 10 9 3 13 12 10 19 11 12 12 16 20 20 25 18 19
Capital spending 2 1 1 1 4 2 1 1 1 0 1 1 1 1 0 0 0 0
Free cash flow 5 6 8 8 −1 12 11 9 18 11 11 11 16 19 20 25 18 19
Stock-based pay 0 0 0 1 1 1 1 1 0 0 0 0 0 0 1 1 1 1
Free cash flow after stock pay 5 6 8 8 −2 11 11 9 18 11 11 11 16 19 19 24 17 18
Balance sheet
Cash 12 9 6 13 22 51 50 57 57 75 77 81 50 30 21 28 24 25
Total debt 0 0 0 0 0 135 135 135 145 150 150 150 110 80 60 — 48 48
Net debt (negative = net cash) −12 −9 −6 −13 −22 84 85 78 87 75 73 69 60 50 39 −28 24 23
Diluted shares 6m 6m 5m 5m 5m 5m 4m 4m 4m 4m 4m 4m 4m 4m 4m 4m 4m 4m
Returned to shareholders
Dividends — — — — — 115 0 0 21 — 6 — 6 8 — — — —
Buybacks 6 9 16 3 1 2 19 1 — 1 5 2 0 2 0 — — —
Total returned 6 9 16 3 1 117 20 2 21 1 11 2 6 9 0 — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 5 checks passed · June 28, 2026
What it owns · $65m
Short-term assets $59mLonger-term assets $6m
What it owes, and who funded it · $72m
Short-term liabilities $24mLonger-term liabilities $48mShareholders' equity $-7m
  • Short-term assets cover short-term liabilities $59m of assets due within a year against $24m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $59m short-term assets against $48m of longer-dated liabilities.
  • More cash than debt $25m of cash against $48m of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $19m of operating cash flow against $48m of debt.
  • Operating profit covers interest at least five times over Operating income of $30m against $3m of interest.

From Nathans Famous, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+0.5%
year over year

Competitors: side by side with peers

Closest by revenue in restaurants
Last 12 months unless stated NATH THCH ARKR GENK GTIM RICK Median
Revenue, last 12 months $169m $183m $156m $210m $135m $284m $1.4bn
Revenue growth, last 12 months 12.4% −5.3% −9.5% −2.9% −5.8% 1.0% 4.6%
Revenue growth, 3-year average 8.3% — −6.0% 6.5% −0.9% −0.6% 5.1%
Revenue growth, latest quarter 15.0% — −6.5% 1.3% −5.0% 3.9% 4.5%
Gross margin 33.0% 87.0% — — 9.8% 84.6% 68.6%
Operating margin 17.7% −24.1% −1.6% −13.5% 1.3% 9.6% 4.9%
Operating margin, 3-year average 22.0% — −3.8% −4.8% 0.9% 9.6% 6.9%
Net margin 11.8% −33.0% −2.0% −2.1% 1.7% −1.5% 2.5%
Cash from operations / revenue 11.5% −1.0% −0.2% −1.4% 2.8% 15.0% 11.9%
Free-cash-flow margin 11.3% −6.0% −4.1% −9.3% 1.9% 12.2% 3.4%
Free-cash-flow margin, 3-year average 13.5% — −0.9% −5.8% 1.1% 10.6% 2.8%
Stock pay / revenue 0.7% 0.2% 0.0% 1.4% 16.4% 0.3% 0.8%
Change in share count 0.5% 0.2% 0.3% 6.5% −0.9% −8.9% 0.2%

Median of all 44 companies we cover in restaurants. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

44 restaurants companies
Measure Company Peer median Rank
Revenue growth Growth 12.4% 4.7% 7 of 44
Change in growth rate Growth +3.1pp +0.3pp 5 of 44
Gross margin Profitability 33.0% 63.0% 12 of 15
Operating margin Profitability 17.7% 5.2% 7 of 42
Net margin Profitability 11.8% 2.6% 7 of 44
Free-cash-flow margin Cash generation 11.3% 3.6% 11 of 44
Stock pay as % of revenue Cash generation 0.7% 0.8% 16 of 40
Long-term debt as % of assets Balance sheet 69.7% 29.0% 30 of 36
Change in share count Balance sheet 0.5% 0.3% 27 of 42

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to March 29, 2026
Segments
Line of business Revenue Share YoY
Branded Product Program $106M 66.1% ▲ 15.2%
Product Licensing $37.4M 23.4% 0.0%
Restaurant Operations $16.8M 10.5% ▼ 0.2%
Products and services
Line of business Revenue Share YoY
Branded Products $106M 65.3% ▲ 15.2%
Licenses $37.4M 23.1% 0.0%
Company Operated Restaurants $12.5M 7.7% ▼ 1.6%
Franchise Fees and Royalties $4.3M 2.7% ▲ 4.1%
Franchise Royalties $3.9M 90.3% ▲ 3.5%
Franchise $420,000 9.7% ▲ 10.2%
Advertising Fund Revenue $2.1M 1.3% ▼ 1.0%
Geography
Region Revenue Share YoY
United States $159M 97.9% ▲ 9.9%
Outside the US $3.4M 2.1% ▼ 10.9%

From Nathans Famous, Inc.'s 10-K filed June 9, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$214M
Institutions reporting
124
Shares held vs prior quarter
▲ 3.2%
Positions opened / closed
14 / 13

Top buyers and sellers, Q2 2026: 70 institutions bought and 46 sold ; the biggest buyer was Blackrock, Inc (+78K shares) and the biggest seller Schonfeld Strategic Advisors LLC (−52K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
GAMCO Investors, Inc. Et Al $27.8M 273K 13.0% ▼ 6.1%
Blackrock, Inc. $25.7M 253K 12.0% ▲ 44.6%
Gabelli Funds LLC $18.3M 180K 8.6% ▼ 3.7%
Renaissance Technologies LLC $16.1M 158K 7.5% ▲ 2.4%
Vanguard Capital Management LLC $11.7M 116K 5.5% ▼ 0.6%
Geode Capital Management, LLC $7M 69K 3.3% ▲ 5.5%
Hotchkis & Wiley Capital Management LLC $6.8M 67K 3.2% ▲ 0.6%
Credit Industriel Et Commercial $5.6M 55K 2.6% ▲ 28.0%
State Street Corp $5.5M 55K 2.6% ▼ 5.6%
Abc Arbitrage SA $5.5M 54K 2.6% 0.0%
Millennium Management LLC $5.4M 53K 2.5% ▲ 24.6%
Magnetar Financial LLC $5.1M 50K 2.4% ▲ 2.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Nathans Famous, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 7, 2026
  • June 9, 2026
  • February 5, 2026
  • November 6, 2025
  • August 8, 2025
  • June 10, 2025

Recent SEC filings

Data status

When each part of this page on Nathans Famous, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Nathans Famous, Inc. in brief

What does Nathans Famous, Inc. do?
Nathans Famous, Inc. is a US-listed company in the restaurants industry. Its financial year ends in March.
What is Nathans Famous, Inc.'s stock ticker?
Nathans Famous, Inc. trades under the ticker NATH on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Nathans Famous, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Nathans Famous, Inc. reported revenue of $169M, 12.4% higher than a year earlier, according to its SEC filings.
What is Nathans Famous, Inc.'s free cash flow?
Nathans Famous, Inc.'s free-cash-flow margin is 11.3% of revenue over the trailing twelve months, ranking 11 of the 44 restaurants companies we cover.
What is Nathans Famous, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Nathans Famous, Inc.'s free cash flow after stock-based pay gives ~$150 per share in the base case, and ~$110–$210 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Nathans Famous, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are GAMCO Investors, Inc. Et Al, Blackrock, Inc. and Gabelli Funds LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Nathans Famous, Inc.'s market cap?
On October 27, 2026, Nathans Famous, Inc.'s market capitalisation was about $421M, with a price-to-earnings ratio of 21.1 and net debt of $23.1M. Market figures come from third-party market data and may be delayed.
Who are Nathans Famous, Inc.'s competitors?
In our Restaurants peer group, the companies closest to Nathans Famous, Inc. are TH International Ltd, ARK Restaurants Corp, GEN Restaurant Group, Inc., Good Times Restaurants Inc. and RCI Hospitality Holdings, Inc. The side-by-side comparison below sets their revenue, margins and growth against Nathans Famous, Inc.'s.
When is Nathans Famous, Inc.'s next earnings date?
Around November 6, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Nathans Famous, Inc. announces its own schedule.