NATH on Nasdaq

Nathan's Famous

Logo: Nathan's Famous, Public domain, via Wikimedia Commons5

Fast food restaurant chain

Nathan's Famous, Inc., is an American company that operates a chain of fast-food restaurants specializing in hot dogs. The original Nathan's restaurant stands at the corner of Surf and Stillwell Avenues in the Coney Island neighborhood of Brooklyn, New York City. Its restaurants are primarily in the Northeastern United States.3 It was founded by Nathan Handwerker.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

$162.1MRevenue, fiscal 20266
$20.0MNet income, fiscal 20266
1916Founded1

Compare with ARK RESTAURANTS CORP, Good Times Restaurants Inc. or FLANIGANS ENTERPRISES INC, or pick any stock.

  • TickerNATH on Nasdaq1
  • Industryfast food1
  • HeadquartersJericho1
  • Websitewww.nathansfamous.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business addressOne Jericho Plaza, Jericho, Ny 117537
  • Filer categoryAccelerated filer7
  • LEI54930034SKNSF1JIE6734
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O UNITED CORPORATE SERVICES, INC., 19901 Dover, United States4
  • Registered withDivision of Corporations, Department of State, 23033044
Nathan's Famous (Coney Island) AB
Photo: Chepry 💬 ( Andrzej Barabasz ) 📷 🇵🇱, CC BY-SA 4.0, via Wikimedia Commons10

Nathan's Famous, Inc., is an American company that operates a chain of fast-food restaurants specializing in hot dogs. The original Nathan's restaurant stands at the corner of Surf and Stillwell Avenues in the Coney Island neighborhood of Brooklyn, New York City. Its restaurants are primarily in the Northeastern United States. The company's headquarters are at One Jericho Plaza in Jericho, part of Oyster Bay, New York.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

34.3%Gross margin6
18.6%Operating margin6
12.4%Net margin6
9.4%Revenue growth, 20266
$17.9MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Branded Products brought in 65% of the revenue Nathan's Famous broke down this way in fiscal 2026.

  1. Branded Products$105.8M665%up 15% from 2025
  2. License$37.4M623%down 0% from 2025
  3. Company-operated Restaurants$12.5M68%down 2% from 2025
  4. Franchise Royalties$3.9M62%up 3% from 2025
  5. Advertising Fund Revenue$2.1M61%down 1% from 2025
  6. Franchise$420.0K60%up 10% from 2025
Products and services by year
Products and services20252026
Branded Products$91.8M$105.8M
License$37.4M$37.4M
Company-operated Restaurants$12.7M$12.5M
Franchise Royalties$3.8M$3.9M
Advertising Fund Revenue$2.1M$2.1M
Franchise$381.0K$420.0K

Business segments

Branded Product Program brought in 66% of the revenue Nathan's Famous broke down this way in fiscal 2026.

  1. Branded Product Program$105.8M666%up 15% from 2025
  2. Product Licensing$37.4M623%down 0% from 2025
  3. Restaurant Operations$16.8M611%down 0% from 2025
Business segments by year
Business segments20252026
Branded Product Program$91.8M$105.8M
Product Licensing$37.4M$37.4M
Restaurant Operations$16.9M$16.8M

Regions

United States brought in 98% of the revenue Nathan's Famous broke down this way in fiscal 2026.

  1. United States$158.6M698%up 10% from 2025
  2. Outside the United States$3.4M62%down 11% from 2025
Regions by year
Regions20252026
United States$144.3M$158.6M
Outside the United States$3.9M$3.4M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue66¢$106.5M
  • Other costs17¢$27.4M
  • Income tax5¢$8.2M
  • Profit12¢$20.0M

Out of $162.1M in revenue.6

Where each dollar of operating cash went, fiscal 2026

  • Capital spending2¢$370.0K
  • Kept or used elsewhere98¢$17.9M

Out of $18.2M of cash from operations.6

Financial statements

Revenue1112131415166$162.1M in 2026+59% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $101.8M$101.8M20192020: $103.3M$103.3M2020+1%2021: $75.8M$75.8M2021−27%2022: $114.9M$114.9M2022+51%2023: $130.8M$130.8M2023+14%2024: $138.6M$138.6M2024+6%2025: $148.2M$148.2M2025+7%2026: $162.1M$162.1M2026+9%
Gross profit166$55.5M in 2026+0% since 2024
0$20.0M$40.0M$60.0M2024: $55.4M$55.4M20242025: $58.5M$58.5M2025+5%2026: $55.5M$55.5M2026−5%
Operating income1112131415166$30.1M in 2026+8% since 2019
0$10.0M$20.0M$30.0M$40.0M2019: $28.0M$28.0M20192020: $27.2M$27.2M2020−3%2021: $25.5M$25.5M2021−6%2022: $29.9M$29.9M2022+17%2023: $34.4M$34.4M2023+15%2024: $32.5M$32.5M2024−6%2025: $36.5M$36.5M2025+12%2026: $30.1M$30.1M2026−18%
Net income1112131415166$20.0M in 2026−7% since 2019
0$10.0M$20.0M$30.0M2019: $21.5M$21.5M20192020: $13.4M$13.4M2020−37%2021: $11.1M$11.1M2021−18%2022: $13.6M$13.6M2022+23%2023: $19.6M$19.6M2023+44%2024: $19.6M$19.6M2024−0%2025: $24.0M$24.0M2025+22%2026: $20.0M$20.0M2026−17%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2026-03-312025-03-31
Revenues$162.1M$148.2M
Cost of sales$106.5M$89.7M
Restaurant operating expenses$4.4M$4.4M
Depreciation and amortization$925.0K$957.0K
General and administrative expenses$17.9M$14.5M
Advertising fund expense$2.2M$2.1M
Total costs and expenses$132.0M$111.7M
Income from operations$30.1M$36.5M
Interest expense-$2.9M-$4.1M
Loss on debt extinguishment (NOTE J)$0-$389.0K
Interest and dividend income$780.0K$672.0K
Other income, net$165.0K$87.0K
Income before provision for income taxes$28.2M$32.8M
Provision for income taxes$8.2M$8.7M
Net income$20.0M$24.0M
Basic (in shares)4.1M shares4.1M shares
Diluted (in shares)4.1M shares4.1M shares
Basic (in dollars per share)$4.89$5.88
Diluted (in dollars per share)$4.85$5.87

Compare Nathan's Famous with another company

Corporate structure

Nathan's Famous sits at the top of its group. 20 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Nathan's Famous

  • GAMCO Investors Filed SCHEDULE 13D/A on Nathan's Famous, latest Aug 31, 2026 (6 filings since Mar 25, 2022)
  • Howard M. Lorber Filed SCHEDULE 13D/A on Nathan's Famous, latest Jan 21, 2026 (2 filings since Dec 12, 2023)
  • RENAISSANCE TECHNOLOGIES LLC Filed SC 13G/A on Nathan's Famous, latest Feb 10, 2022
  • Nathan's Famous Jericho, New York, United States
    • 6300 NW 31st Avenue Corp. Subsidiary · Florida, United States
    • Namasil Realty Corp. Subsidiary · New York, United States
    • Nathan's Famous of 2807 Long Beach Road, Inc. Subsidiary · Delaware, United States
    • Nathan's Famous of Farmingdale, Inc. Subsidiary · New York, United States
    • Nathan's Famous of Kings Plaza, Inc. Subsidiary · New York, United States
    • Nathan's Famous of Lynbrook, Inc. Subsidiary · Delaware, United States
    • Nathan's Famous of New Jersey, Inc. Subsidiary · New Jersey, United States
    • Nathan's Famous of Times Square, Inc. Subsidiary · New York, United States
    • Nathan's Famous of Yonkers, Inc. Subsidiary · New York, United States
    • Nathan's Famous Operating Corp. Subsidiary · Delaware, United States
    • Nathan's Famous Services, Inc. Subsidiary · Delaware, United States
    • Nathan's Famous Systems, Inc. Subsidiary · Delaware, United States
    • Nathan's Roadside Rest, Inc. Subsidiary · New York, United States
    • Nathan’s Famous of Central Park Avenue, Inc. Subsidiary · Delaware, United States
    • Nathan’s Famous of Pennsylvania, Inc. Subsidiary · Pennsylvania, United States
    • Nathan’s Famous Systems of Russia, Inc. Subsidiary · Delaware, United States
    • Nathan’s Real Property, LLC Subsidiary · Delaware, United States
    • Nathan’s Services, LLC Subsidiary · Delaware, United States
    • NF Treachers Corp. Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Nathan's Famous reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$123.0K6 Mar 29, 2026$123.0K6 Mar 30, 20250%
Buildings and improvements$1.5M6 Mar 29, 2026$1.4M6 Mar 30, 2025+2.4%
Machinery and equipment$4.8M6 Mar 29, 2026$5.4M6 Mar 30, 2025−11.6%
Leasehold improvements$7.5M6 Mar 29, 2026$7.4M6 Mar 30, 2025+1.2%
Construction in progress$63.0K6 Mar 29, 2026$6.0K6 Mar 30, 2025+950.0%
Property and equipment, before depreciation$14.0M6 Mar 29, 2026$14.4M6 Mar 30, 2025−3.1%
Accumulated depreciation$12.2M6 Mar 29, 2026$12.3M6 Mar 30, 2025−0.6%
Property and equipment, net$1.7M6 Mar 29, 2026$2.1M6 Mar 30, 2025−18.0%
Operating-lease assets (leased space)$3.7M6 Mar 29, 2026$5.0M6 Mar 30, 2025−26.4%

Real estate and locations

ItemLatestA year beforeChange
Restaurants2216 Mar 29, 20262306 Mar 30, 2025−3.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$24.4M6 Mar 29, 2026$27.8M6 Mar 30, 2025−12.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$95.0K6 Mar 29, 2026$95.0K6 Mar 30, 20250%
Intangible assets, net (excluding goodwill)$348.0K6 Mar 29, 2026$522.0K6 Mar 30, 2025−33.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$891.0K6 Mar 29, 2026$1.2M6 Mar 30, 2025−27.0%

Properties, in its own words

We currently lease approximately 9,300 square feet of space for our executive offices in Jericho, New York for approximately $396,000 per year, under a lease agreement which expires on March 31, 2029.

At March 29, 2026, other Company-owned restaurants that were operating were located in leased space with terms expiring as shown in the following table:

The rest of Item 2

Nathan’s Restaurants · Location · Current Lease Expiration Date · Approximate Square Footage

Coney Island · Brooklyn, NY · December 2027 · 10,000

Coney Island Boardwalk (a) · Brooklyn, NY · November 2027 · 3,800

Long Beach Road · Oceanside, NY · April 2030 · 4,100

Central Park Avenue · Yonkers, NY · December 2028 · 3,500

(a) · Seasonal satellite location.

Aggregate rental expense, net of sublease income, under all current leases amounted to $1,884,000 in fiscal 2026.

Item 2 of the 10-K filed Jun 9, 2026.20

The story

Founded by Nathan Handwerker in 1916.1

Nathan Handwerker (1892–1974) was a Jewish-Polish immigrant who arrived in New York City in 1912 and soon found work at the Coney Island, Brooklyn, restaurant Feltman's German Gardens. By one account, he was encouraged by singing waiters Eddie Cantor and Jimmy Durante to go into business in competition with Feltman's; as United Press International noted in 1974, "There are many stories about Nathan and how the business began, but this is the way he told it..." The company's official history does not mention the future stars' encouragement. Nathan and his wife, Ida Handwerker, née Greenwald, spent their life savings of $300 (equivalent to about $8,876 today) to begin the business together.

Nathan's began as a nickel hot dog stand in Coney Island in 1916. Ida created the hot dog recipe they used, and Ida's grandmother created the secret spice recipe. Because Nathan's Famous all-beef hot dogs lacked rabbinic supervision and the meat wasn't kosher, Handwerker coined the term "kosher style" because the hot dogs were not made from pork or horse meat.

Handwerker undercut Feltman's by charging five cents for a hot dog when his former employer was charging 10 cents. At a time when food regulation was in its infancy and the pedigree of the hot dog particularly suspect, Handwerker ensured that men wearing surgeon's smocks were seen eating at his stand to reassure potential customers. The business proved immensely popular.

The expansion of the chain was overseen by Nathan Handwerker's son, Murray Handwerker. A second branch on Long Beach Road in Oceanside, New York, opened in 1959, and another debuted in Yonkers, New York, in 1965. Murray Handwerker was named the president of Nathan's Famous in 1968, the year the company went public.

All locations were sold by the Handwerker family to a group of private investors in 1987, at which point Nathan's was franchised and a great number of establishments were opened around New York City and beyond. In the 1990s, the company acquired Kenny Rogers Roasters and Miami Subs Grill, both of which were later divested.

In 2002, Home Depot and Nathan's terminated a co-locating partnership which offered Nathan's space within certain Home Depot stores in New York.

International master franchise agreements were signed (c. 2006) with Egypt and Israel. The company also owns the exclusive co-branding rights to the Arthur Treacher's Fish and Chips chain.

On March 28, 2017, Major League Baseball announced that it had reached a sponsorship deal with Nathan's Famous, allowing the company to market itself as the official hot dog brand of the league. While Nathan's was already the official hot dog brand of the New York Mets, New York Yankees, Miami Marlins, and St. Louis Cardinals (the sponsorship does not restrict teams from making similar deals with competitors), the deal marked the first time that Major League Baseball had named an official hot dog sponsor.

Read the full text

Nathan's hot dogs are primarily manufactured by Smithfield Foods, a subsidiary of China's WH Group. Nathan's Hot Dogs can also be found in stores for retail sale, usually in the lunch meat aisle.

On January 21, 2026, Nathan's Famous announced that it had been sold to Smithfield Foods for $450 million. Smithfield will acquire all outstanding shares of the company, effectively taking it private. The acquisition is expected to be completed in the first half of 2026.

Original location

As of 2025, the original Nathan's hot dog stand still exists at its original 1916 site. Having been open for business every day, 365 days a year, the stand was forced to close on October 29, 2012, due to Hurricane Sandy. The shop re-opened six months later, on May 21, 2013, despite a small fire on May 4. Service is provided year-round inside, and during the summer additional walk-up windows are opened to serve the larger seasonal crowds. The original location still features fried frog legs, which have been a Nathan's menu item since the 1950s. The item is not offered at any other Nathan's location.

Hot dog eating contest

The Nathan's Hot Dog Eating Contest has been held annually at the original location on Coney Island since the early 1970s on the 4th of July. Contestants try to consume as many hot dogs as possible in 10 minutes. Winners include Takeru Kobayashi (2001–2006), Joey Chestnut (2007–2014, 2016–2023, 2025) and Miki Sudo (women's 2014–2020, 2022–2025). In 2008, Chestnut tied Kobayashi after eating 59 hot dogs and buns in 10 minutes. The tie resulted in a five-hot-dog eat-off, which Chestnut won by consuming all five before Kobayashi. In 2018, Chestnut consumed 74 hot dogs and buns for a new world record.

From Wikipedia’s article on Nathan's Famous, shared under CC BY-SA 4.0.8

Leadership

Who has led Nathan's Famous, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (19)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 6300 NW 31st Avenue Corp. Florida9
  • NF Treachers Corp. Delaware9
  • Namasil Realty Corp. New York9
  • Nathan's Famous Operating Corp. Delaware9
  • Nathan's Famous Services, Inc. Delaware9
  • Nathan's Famous Systems, Inc. Delaware9
  • Nathan's Famous of 2807 Long Beach Road, Inc. Delaware9
  • Nathan's Famous of Farmingdale, Inc. New York9
  • Nathan's Famous of Kings Plaza, Inc. New York9
  • Nathan's Famous of Lynbrook, Inc. Delaware9
  • Nathan's Famous of New Jersey, Inc. New Jersey9
  • Nathan's Famous of Times Square, Inc. New York9
  • Nathan's Famous of Yonkers, Inc. New York9
  • Nathan's Roadside Rest, Inc. New York9
  • Nathan’s Famous Systems of Russia, Inc. Delaware9
  • Nathan’s Famous of Central Park Avenue, Inc. Delaware9
  • Nathan’s Famous of Pennsylvania, Inc. Pennsylvania9
  • Nathan’s Real Property, LLC Delaware9
  • Nathan’s Services, LLC Delaware9

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • NATHANS FAMOUS INCNov 8, 1996 to Aug 7, 20207

Timeline

  1. Oct 14, 20268-K Other events42
  2. Aug 7, 20268-K Results of operations43
  3. Jun 9, 20268-K Results of operations44
  4. Feb 5, 20268-K Results of operations45
  5. Jan 21, 20268-K Entered a material agreement; Executive or director change; Regulation FD disclosure46
  6. Nov 6, 20258-K Results of operations47
  7. Sep 11, 20258-K Shareholder vote48
  8. Aug 8, 20258-K Results of operations49
  9. Jun 10, 20258-K Results of operations50
  10. Feb 20, 20258-K Change of auditor51
  11. Feb 6, 20258-K Results of operations52
  12. Nov 7, 20248-K Results of operations53
  13. Sep 18, 2007New chief executive Eric Gatoff becomes CEO21
  14. Feb 7, 2005New chief executive Howard M. Lorber becomes CEO22
  15. 1916Founded Founded1

Calendar

Coming up

  1. Nov 5, 2026Reports results for the quarter ending Sep/202654

When it reported results

  1. Aug 7, 2026Reported quarterly or annual results43
  2. Jun 9, 2026Reported quarterly or annual results44
  3. Feb 5, 2026Reported quarterly or annual results45
  4. Nov 6, 2025Reported quarterly or annual results47
  5. Aug 8, 2025Reported quarterly or annual results49
  6. Jun 10, 2025Reported quarterly or annual results50
  7. Feb 6, 2025Reported quarterly or annual results52
  8. Nov 7, 2024Reported quarterly or annual results53

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

94 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 23 major events, 28 insider forms, 9 large holders, 13 other. The latest 20:

  1. Oct 14, 20268-K EDGAR
  2. Sep 24, 2026DEFM14A EDGAR
  3. Aug 31, 2026SCHEDULE 13D/A EDGAR
  4. Aug 7, 202610-Q EDGAR
  5. Aug 7, 20268-K EDGAR
  6. Jul 24, 202610-K/A EDGAR
  7. Jun 12, 20264 OWNERSHIP DOCUMENT EDGAR
  8. Jun 9, 202610-K EDGAR
  9. Jun 9, 20268-K EDGAR
  10. Apr 23, 2026SCHEDULE 13D/A EDGAR
  11. Mar 6, 2026PREM14A EDGAR
  12. Feb 5, 202610-Q EDGAR
  13. Feb 5, 20268-K EDGAR
  14. Jan 21, 2026SCHEDULE 13D/A EDGAR
  15. Jan 21, 2026DEFA14A EDGAR
  16. Jan 21, 20268-K EDGAR
  17. Dec 9, 20254 OWNERSHIP DOCUMENT EDGAR
  18. Nov 6, 202510-Q EDGAR
  19. Nov 6, 20258-K EDGAR
  20. Sep 11, 20258-K EDGAR

The 94 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 0 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 11, 2025GENSON BRIAN SDirectorSale1,000$87.04$87.0KForm 4
Nov 14, 2024GENSON BRIAN SDirectorSale1,400$86.25$120.8KForm 4
Feb 22, 2024GENSON BRIAN SDirectorSale1,500$68.22$102.3KForm 4
Dec 6, 2023GENSON BRIAN SDirectorSale2,000$67.75$135.5KForm 4
Aug 30, 2023GENSON BRIAN SDirectorSale2,000$73.02$146.0KForm 4
Nov 30, 2022GENSON BRIAN SDirectorSale2,000$65.62$131.2KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Eric GatoffChief Executive Officer56$625.0K$1.7M58
2025Howard M. LorberExecutive Chairman of the Board76$1.0M$1.0M58
2025Robert SteinbergVice President – Finance, Chief Financial Officer, Treasurer and Secretary56$325.0K$548.5K58
2024Howard M. LorberExecutive Chairman of the Board76$1.0M$2.0M58
2024Eric GatoffChief Executive Officer56$637.0K$1.4M58
2024Robert SteinbergVice President – Finance, Chief Financial Officer, Treasurer and Secretary56$229.3K$425.4K58
2023Howard M. LorberExecutive Chairman of the Board76$1.0M$4.4M58
2023Eric GatoffChief Executive Officer56$602.7K$1.8M58
2023Robert SteinbergVice President – Finance, Chief Financial Officer, Treasurer and Secretary56$220.5K$403.0K58

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Gamco Investors, Inc. Et Al273,186$27.8M0.2%−17,900
BlackRock, Inc.253,234$25.7M0.0%+78,123
Gabelli Funds LLC180,000$18.3M0.1%−7,000
Renaissance Technologies LLC158,056$16.1M0.0%+3,700
Vanguard Capital Management LLC115,510$11.7M0.0%−660
Geode Capital Management, LLC69,364$7.0M0.0%+3,598
Hotchkis & Wiley Capital Management LLC66,720$6.8M0.0%+400
Credit Industriel Et Commercial54,814$5.6M0.6%+12,000
State Street Corp54,510$5.5M0.0%−3,253
Abc Arbitrage Sa53,957$5.5M0.6%No change
Millennium Management LLC53,409$5.4M0.0%+10,537
Magnetar Financial LLC50,301$5.1M0.0%+1,194
Yakira Capital Management, Inc.43,924$4.5M1.3%New
Two Sigma Investments, LP41,367$4.2M0.0%+2,608
Arrowstreet Capital, Limited Partnership33,758$3.4M0.0%No change
LMR Partners LLP31,777$3.2M0.0%+11,667
Bank of New York Mellon Corp29,715$3.0M0.0%+863
Qube Research & Technologies Ltd28,424$2.9M0.0%−1,114
Northern Trust Corp25,743$2.6M0.0%+949
Polar Asset Management Partners Inc.25,633$2.6M0.1%+18,233
Commonwealth Of Pennsylvania Public School Empls Retrmt Sys24,200$2.5M0.0%No change
OMERS ADMINISTRATION Corp23,605$2.4M0.0%−6,395
Goldman Sachs Group Inc23,283$2.4M0.0%+9,076
Vanguard Portfolio Management LLC19,667$2.0M0.0%+2,530
D. E. Shaw & Co., Inc.18,619$1.9M0.0%+4,084

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Nathan's Famous is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNATHANS FAMOUS, INC.2
  • CIK0000069733
  • Employer ID (EIN)11-316644320
  • Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company20
  • Incorporated inDelaware20
  • Fiscal year endsMarch 282
  • Industry code (SIC)5812 Retail-Eating Places2
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
  • Business addressOne Jericho Plaza, Jericho, NY 117532
  • Phone516-338-85002
  • Shares outstanding4,097,661 as of Aug 3, 202619
  • Public float$310.1M as of Sep 26, 202520
  • AuditorCBIZ CPAs P.C., New York, New York PCAOB ID 199; it also attests to the company’s internal control over financial reporting20
  • On EDGAR sinceAug 13, 19962
  • Filings763 in all: 4 (290), 8-K (109), 10-Q (91), SC 13D/A (58), SC 13G/A (32), 10-K (30), DEF 14A (28), SC 13G (16)2
    All 37 form types

    3 (15), UPLOAD (10), ARS (9), S-8 (9), SC 13D (8), 4/A (7), SC TO-I/A (7), CORRESP (6), 10-K/A (4), 8-A12G/A (4), SCHEDULE 13D/A (4), 8-K/A (3), DEFA14A (3), 10-Q/A (2), 8-A12G (2), SC TO-C (2), SC TO-I (2), 15-12G (1), 15-12G/A (1), 8-A12B (1), CT ORDER (1), DEFM14A (1), PREC14A (1), PREM14A (1), PRER14A (1), PX14A6G (1), S-4 (1), S-4/A (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Jun 9, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Jul 25, 2025
    Latest 8-K (8-K) Oct 14, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $.01 per shareNATHNASDAQ

From the cover page of the 10-K filed Jun 9, 2026 (Section 12(b) of the Exchange Act).20

Risk factors and legal proceedings

The risks Nathan's Famous names in Item 1A of its 10-K filed Jun 9, 2026: 41 risks under these headings, as written.20

  • Risks Related to the Merger with Smithfield Foods
  • The announcement and pendency of the proposed Merger with Smithfield Foods may adversely affect our business, financial condition and results of operations.
  • Failure to complete the Merger could negatively impact the price of our common stock, as well as our future business and financial results.
  • Our ability to complete the Merger is subject to certain closing conditions and the receipt of consents and approvals from government entities which may impose conditions that could adversely affect us or cause the Merger to be abandoned.
  • Expenses related to the pending Merger are significant and will adversely affect our operating results.
  • We are subject to business uncertainties and contractual restrictions while the Merger is pending, which could adversely affect our business.
  • Litigation could result in substantial costs and may delay or prevent the Merger from being completed.
  • Risks Related to Our Business and Operations
  • Our results of operations could be adversely affected by pandemics, disease epidemics, or other public health concerns.
  • Our results of operations could be adversely affected by increases in the cost of food, commodities and paper.
  • Price increases may impact customer visits.
  • Our licensing revenue and overall profitability is substantially dependent on our agreement with Smithfield Foods and the loss or a significant reduction of this revenue would have a material adverse effect on our financial condition and results of operations.
The other 31 risks
  • A significant amount of our Branded Product Program revenue is from a small number of accounts. The loss of any one or more of those accounts could harm our profitability and operating results.
  • Smithfield Foods currently has two manufacturing facilities producing different Nathan’s products and a long-term significant interruption of a primary facility could potentially disrupt our operations.
  • The loss of one or more of our key suppliers could lead to supply disruptions, increased costs and lower operating results.
  • Our earnings and business growth strategy depend in large part on the success of our product licensees and product manufacturers. Our reputation and the reputation of our brand may be harmed by actions taken by our product licensees or product manufacturers that are otherwise outside of our control.
  • The quick-service restaurant business is highly competitive, and that competition could lower revenues, margins and market share.
  • Changes in economic, market and other conditions could adversely affect us and our franchisees, and thereby our operating results.
  • Current restaurant locations may become unattractive, and attractive new locations may not be available for a reasonable price, if at all, which may reduce our revenue.
  • Any perceived or real health risks related to the food industry could adversely affect our ability to sell our products.
  • Negative publicity, including complaints on social media platforms and other internet-based communications, could damage our reputation and harm our guest traffic, and in turn, negatively impact our business, financial condition, results of operations and prospects.
  • We may not be able to adequately protect our intellectual property, which could decrease the value of our business or the value of our brands and products.
  • Our earnings and business growth strategy depend in part on the success of our restaurant franchisees and on new restaurant openings. Our corporate reputation or brand reputation may be harmed by actions taken by restaurant franchisees that are otherwise outside of our control.
  • We rely on the performance of major retailers, wholesalers, specialty distributors and mass merchants for the success of our business, and should they perform poorly or give higher priority to other brands or products, our business could be adversely affected.
  • The sophistication and buying power of our customers could have a negative impact on profits.
  • Our annual and quarterly financial results may fluctuate depending on various factors, many of which are beyond our control, and, if we fail to meet the expectations of investors, our share price may decline.
  • Our operations are influenced by adverse weather conditions.
  • Climate change could adversely affect our results of operation and financial condition.
  • Due to the concentration of our restaurants in particular geographic regions, our business results could be impacted by the adverse economic conditions prevailing in those regions regardless of the state of the national economy as a whole.
  • We rely extensively on computer systems, our point-of-sales system and information technology to manage our business. Any disruption in our computer systems, our point-of-sales system or information technology may adversely affect our ability to run our business.
  • Cyberattacks and breaches could cause operational disruptions, fraud or theft of sensitive information.
  • Our international operations are subject to various factors of uncertainty.
  • Our business operations and future development could be significantly disrupted if we lose key personnel.
  • We face risks of litigation and pressure tactics, such as strikes, boycotts and negative publicity from customers, franchisees, suppliers, employees and others, which could divert our financial, and management resources and which may negatively impact our financial condition and results of operations.
  • Risks Related to Regulatory Matters
  • Changes to minimum wage rates have increased our labor costs.
  • 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.
  • Changes in tax laws and unfavorable resolution of tax contingencies could adversely affect our tax expense.
  • Risks Related to Our Common Stock and Organizational Structure
  • The market price of our common stock may be highly volatile or may decline regardless of our operating performance.
  • Our certificate of incorporation and by-laws and other corporate documents include anti-takeover provisions which may deter or prevent a takeover attempt.
  • Risks Related to our Indebtedness
  • If drawn upon, our undrawn revolving credit facility would subject us to interest rate risk, which could cause our debt service obligations to increase.

Legal proceedings

We and our subsidiaries are from time to time involved in ordinary and routine litigation. Management presently believes that the ultimate outcome of these proceedings, individually or in the aggregate, will not have a material adverse effect on our financial position, cash flows or results of operations. Nevertheless, litigation is subject to inherent uncertainties and unfavorable rulings could occur. An unfavorable ruling could include monetary damages and, in such event, could result in a material adverse impact on our results of operations for the period in which the ruling occurs.

The opening of Item 3, Legal Proceedings.20

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