Nathan's Famous, Inc. (NATH) Stock

Nathan's Famous, Inc. (NATH) is a Consumer Discretionary stock trading at $97.27 (as of 2026-08-20), with a market capitalization of $398.58M and a trailing P/E of 20.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Nathan’s Famous, Inc. and its subsidiaries operate in the foodservice industry by owning and franchising restaurants under the Nathan’s Famous brand and by selling branded products through distribution channels. The company also licenses production and distribution of Nathan’s Famous meat, refrigerated and bulk items, and related food products for retail and foodservice uses.

Understand Nathan's Famous, Inc.: how it makes money

Nathan's Famous operates and franchises Nathan's Famous restaurants, and makes money by selling and licensing its trademarked hot dogs, sausages, and corned beef through retail channels.

The business monetizes the Nathan's Famous brand through multiple channels, mixing restaurant ownership and franchising with trademark-based packaged food sales and licensing, so profit is driven by how brand demand translates into both in-restaurant sales and retail product/licensing revenue.

Revenue by segment (latest quarter)
Branded Prod	$0.0B
Licensing	$0.0B
Restaurant Ops	$0.0B

Business quality (Weak): Segment detail exists, but reported total revenue is shown as 0.0B while segment lines sum to a small amount, so investors should treat the segment split as directionally informative rather than precise.

Valuation: At 21× earnings, NATH trades 23% below the Restaurants, Hotels & Motels average (27×). Note: one-time items can distort reported P/E.

Bull case

Multiple monetization paths for the same brand, including owned or franchised restaurants and branded packaged products sold through retail channels: This can reduce reliance on a single channel because demand can show up in both foodservice and retail product/brand revenue.
Licensing model tied to retail distribution of packaged Nathan's Famous products: License agreements cover manufacture, distribution, marketing, and sale of branded refrigerated products through supermarkets, groceries, mass merchandisers, and club stores.

Bear case

Channel mix appears heavily weighted to branded product program revenue in the provided segment figures: If retail demand, distribution, or brand partnerships weaken, the company may have less offset than a more balanced segment mix.
Some revenue categories are shown as 0.0B in the provided breakdown: If franchising or advertising fund revenue does not contribute materially, operating results may be more sensitive to changes in the remaining nonzero revenue lines.

Valuation — source: SEC EDGAR (first-party)
Price	$97.27
Market Cap	$398.58M
P/E Ratio	20.0
EV / EBITDA	13.6
Price / Sales	2.36
FCF Yield	4.8%
DCF Value (model)	$101.39
DCF Upside vs Price	4.2%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$162.06M
Net Margin	12.4%
Revenue Growth (YoY)	15.0%
EPS Growth (YoY)	-0.9%
FCF Growth (YoY)	-363.3%

Financial Health — source: SEC EDGAR
Altman Z-Score	9.24 (safe)
Piotroski F-Score	4/9 (moderate)

Valuation vs Sector & Industry
Stock P/E	20.0
Sector P/E (Consumer Discretionary)	20.5
Industry P/E (Restaurants, Hotels & Motels)	26.6
vs Sector	-2.3%
vs Industry	-24.7%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	GAMCO INVESTORS, INC. ET AL ($29.32M)
Institutional Holders Tracked	10

Company
Sector	Consumer Discretionary
Industry	Restaurants, Hotels & Motels
CEO	Eric Gatoff
Employees	147
Country	US
IPO Date	1993-02-26

Related Companies (Business model: Restaurant Operator / Franchisor; 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.