NATHANS FAMOUS, INC.
NATH · Retail-Eating Places · 4.1M shares · -0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $899K (gross $2M, SBC $993K)
Reference price $87.00 · est. market cap ~$356M — last insider sale, 2025-02-11 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B80Asset-light Nathan's branded-products and licensing franchise with elite margins and returns, pending sale to Smithfield.
Strengths
- Top-decile ROA (100th pct), net margin 12.4% (88th pct) and operating margin 18.6% (86th pct)
- Strong liquidity (current ratio 90.5th pct) and FCF margin 79th pct; high-margin licensing model
Risks
- Beef/commodity inflation pressuring Branded Product margins
- Pending Smithfield merger carries closing/regulatory (CFIUS) risk
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Negative equityNegative book equity (debt/equity -3.22)
- Pending mergerRisks 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 op
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
34.3%
Operating margin
18.6%
Net margin
12.4%
Return on equity
-140.8%
Return on assets
37.3%
ROIC
75.4%
Revenue growth (QoQ)
2.2%
Net-income growth
-16.7%
Debt / equity
-3.2×
Net debt / EBITDA
0.7×
Current ratio
2.5×
Free cash flow
$18M
EBITDA
$31M
Tangible book value
-$15M
Cash & investments
$24M
Stock comp / revenue
0.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-11 | Levine Andrew M | Option exercise | 10K | $68.50 |
| 2026-06-11 | Levine Andrew M | Tax withheld | 6.7K | $101.58 |
| 2025-12-08 | LORBER HOWARD M | Option exercise | 10K | — |
| 2025-12-08 | LORBER HOWARD M | Tax withheld | 5.1K | $89.87 |
| 2025-02-13 | PETROCELLI ATTILIO | Gift | 22K | — |
| 2025-02-11 | GENSON BRIAN S | Sell | 900 | $87.00 |
| 2025-02-11 | GENSON BRIAN S | Sell | 100 | $87.44 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-09 | ResultsExhibits | filing ↗ |
| 2026-02-05 | ResultsExhibits | filing ↗ |
| 2026-01-21 | Material agreementExec/director changeReg FDExhibits | filing ↗ |
| 2025-11-06 | ResultsExhibits | filing ↗ |
| 2025-09-11 | Shareholder vote | filing ↗ |
| 2025-08-08 | ResultsExhibits | filing ↗ |
| 2025-06-10 | ResultsExhibits | filing ↗ |
| 2025-02-20 | Auditor changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-09 | 2026-06-09 | 0001437749-26-019921 ↗ |
| 10-K | 2026-06-09 | 2026-03-29 | 0001437749-26-019923 ↗ |
| 8-K | 2026-02-05 | 2026-02-05 | 0001437749-26-003080 ↗ |
| 10-Q | 2026-02-05 | 2025-12-28 | 0001437749-26-003087 ↗ |
| 8-K | 2026-01-21 | 2026-01-20 | 0001104659-26-005233 ↗ |
| 10-Q | 2025-11-06 | 2025-09-28 | 0001437749-25-033452 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001437749-25-033449 ↗ |
| 8-K | 2025-09-11 | 2025-09-09 | 0001104659-25-089241 ↗ |
| 8-K | 2025-08-08 | 2025-08-08 | 0001437749-25-025549 ↗ |
| 10-Q | 2025-08-08 | 2025-06-29 | 0001437749-25-025551 ↗ |
| 8-K | 2025-06-10 | 2025-06-10 | 0001437749-25-019915 ↗ |
| 10-K | 2025-06-10 | 2025-03-30 | 0001437749-25-019916 ↗ |