Nathan's Famous (NATH)
Wholesales and licenses the Coney Island hot dog brand across foodservice and retail.
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Wholesales hot dogs and sausages to foodservice operators under the Nathan's Famous name and licenses that name to outside manufacturers — led by Smithfield Foods, its exclusive retail and foodservice licensee — for royalty income, alongside a small restaurant chain anchored by the original Coney Island stand.
Operates three segments: a wholesale Branded Product Program supplying hot dogs to foodservice operators nationwide, a licensing program letting outside manufacturers sell Nathan's Famous-branded retail products for royalties, and a small restaurant footprint plus a larger franchise network.
Smithfield Foods holds the exclusive license to manufacture and distribute the retail hot dog line, making it both the largest licensing partner and, through the wholesale channel, a major customer — concentrating royalty and wholesale income in one partner.
The Coney Island stand where Nathan and Ida Handwerker opened a nickel hot dog counter in 1916 still operates, anchoring an outsized cultural footprint for 129 employees; the Fourth of July Hot Dog Eating Contest and Major League Baseball's official hot dog status reinforce that recognition.
Smithfield has also agreed to acquire the company outright, ending Nathan's run as an independent public company.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 28, 2026Cash & short-term investments $24.7M · Total debt $51.0M · Total assets $64.8M · Shareholders' equity −$7.2M
- Revenue
- $54.1M
- Operating income
- $12.7M
- Net income
- $8.8M
HistoryDividendAnnual yield
| Institutions | ≈ 51.56% | 2.11M shares | |
|---|---|---|---|
| 126 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 25.63% | 1.05M shares | |
| 4 holders · as of Jun 12, 2026 | |||
| Other | ≈ 22.81% | 934.7K shares | |
| remainder | |||
4.10M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Howard M. Lorber1Insiderdirector, 10 percent owner, officer: Executive Chairman | 24.16% | 989,841 | filed Jan 21, 2026 |
GAMCO Asset Management Inc.Institution | 6.90% | 282,847 | filed Feb 14, 2025 |
Gamco Investors, Inc. et alInstitution | 6.67% | 273,186 | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 6.18% | 253,234 | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 5.13% | 210,220 | filed Feb 9, 2018 |
- Howard M. Lorber's transaction reports restate only vehicles that traded; the 2026 ownership statement (989.8K) is used instead.
Insider tradesForm 4
No open-market trades in the last 12 months.
- Kraft Heinz
Oscar Mayer is the #1 branded hot dog by category share, retail and foodservice.
- Tyson Foods
Ball Park Franks is the #2 branded hot dog, with its own stadium heritage.
- Conagra Brands
Hebrew National contests the same premium, kosher-style all-beef hot dog niche.
- Hormel Foods
Applegate's natural, organic hot dog line pulls health-conscious shoppers away.
- Smithfield Foods
Farmer John and Eckrich compete while Smithfield licenses and acquires Nathan's.
- Restaurant Brands International
Burger King draws quick-service dollars from the restaurant segment only.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nathan's Famous | $97.39 | +0.48% | $397.1M | 20.1 | — | 2.3 | +15.0% |
| Kraft Heinz | $23.70 | −1.27% | $28.46B | — | 11.9 | 1.1 | −1.4% |
| Tyson Foods | $51.52 | −0.58% | $18.37B | 31.8 | 13.5 | 0.3 | −0.1% |
| Conagra Brands | $14.65 | −0.95% | $7.08B | — | 9.9 | 0.6 | +3.6% |
| Hormel Foods | $19.98 | −1.77% | $11.19B | 32.3 | 13.0 | 0.9 | −2.4% |
| Smithfield Foods | $19.08 | −2.45% | $7.70B | 7.3 | 9.5 | 0.5 | −2.3% |
| Restaurant Brands International | $71.28 | −0.88% | $24.95B | 21.2 | 16.8 | 2.6 | +4.6% |
| Median | 26.5 | 12.5 | 0.8 | −0.8% |