What is the 13F Pro Quality Score for NATH?

13F Pro ranks NATHANS FAMOUS, INC. (NATH) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View NATH's current score at https://13fpro.ai/research/NATH (free sign-up required for the full ranking).

Which hedge funds own the most NATH stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of NATH include GAMCO INVESTORS, ET AL, GABELLI FUNDS, BlackRock,. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/NATH as soon as new 13F filings post.

Where does 13F Pro source NATH data?

All NATHANS FAMOUS, INC. fundamentals and ownership data come directly from SEC EDGAR. NATHANS FAMOUS, INC. files with the SEC under CIK 69733. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is NATH in?

NATHANS FAMOUS, INC. (NATH) is classified in the Consumer Discretionary sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/consumer-discretionary.

How often is NATH research updated on 13F Pro?

NATH's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

NATHANS FAMOUS, INC.(NATH)Stock Analysis

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13F Pro Quality Score

59.3/100

Rank #931 of 2,879 stocksTOP 50%

View Consumer Discretionary peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

45.3/100

Profitability

68.1/100

Balance Sheet

99.3/100

Earnings Quality

29.0/100

Free Cash Flow

67.4/100

Institutional Flow

70.8/100

Revenue Scale

21.9/100

Dilution Risk

67.1/100

NATH Stock Analysis & AI Quality Score

AI stock analysis and institutional research for NATHANS FAMOUS, INC. (NATH), a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores NATH at 59.3/100 on a 32-signal composite quality model, placing it at rank #931 of 2,879 stocks — the top half of the AI-ranked universe. NATH scores in the top quartile across balance sheet strength (99.3). Areas of concern include revenue scale (21.9) and earnings quality (29.0), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q4 2026), NATHANS FAMOUS, INC. reports quarterly revenue of $35.1M, net income of $2.8M, free cash flow of $2.5M. Top institutional holders of NATH by reported 13-F value include GAMCO INVESTORS, ET AL, GABELLI FUNDS, BlackRock,, based on the most recent SEC filings. NATH trades on the Nasdaq exchange and files with the SEC under CIK 69733. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NATH daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NATHANS FAMOUS, INC. directly from SEC EDGAR. NATHANS FAMOUS, INC.'s 13F Pro composite quality score has ranged between 41 and 68 since 2021, currently 59.3 — an improving long-term trajectory across 30 quarterly and live scoring snapshots.

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Fun facts about NATHANS FAMOUS, INC.

Quirks, history, and lore behind NATH — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. consumer company · small-cap · listed on Nasdaq · headquartered in New York.
2
The Numbers
Annual revenue in the range of $100–150 million — tiny by Wall Street standards, but the brand punches well above its weight in cultural recognition.
3
The History
Born at a Coney Island boardwalk stand in 1916, it turned a humble street food into an American institution — and an annual competitive eating spectacle.
4
The Secret
It operates company-owned restaurants but earns a big chunk of revenue through licensing its brand on packaged products sold in grocery stores and stadiums nationwide.
5
The Lore
Every Fourth of July, thousands gather — and millions more tune in — to watch competitors demolish its signature product in under 10 minutes, making it the Super Bowl of snacking.
6
The Giveaway
A Coney Island hot dog so legendary it hosts its own eating contest — and yes, the mustard is always yellow.

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Revenue

Q4 2026

$35.1M

Net Income

Q4 2026

$2.8M

Free Cash Flow

Q4 2026

$2.5M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+16.9% YoY

$162.1MFY 2026

FY22 $114.9MFY23 $130.8MFY24 $138.6MFY26 $162.1M

Net Income

+2.1% YoY

$20.0MFY 2026

FY22 $13.6MFY23 $19.6MFY24 $19.6MFY26 $20.0M

Operating Income

-7.4% YoY

$30.1MFY 2026

FY22 $29.9MFY23 $34.4MFY24 $32.5MFY26 $30.1M

EPS (Diluted)

+1.0% YoY

$4.85FY 2026

FY22 $3.30FY23 $4.80FY24 $4.80FY26 $4.85

Total Assets

+9.8% YoY

$53.7MFY 2026

FY22 $78.5MFY23 $58.6MFY24 $48.9MFY26 $53.7M

Total Debt

-15.1% YoY

$50.5MFY 2026

FY22 $110.0MFY23 $80.0MFY24 $59.6MFY26 $50.5M

Op. Cash Flow

-8.8% YoY

$18.2MFY 2026

FY22 $16.5MFY23 $19.8MFY24 $20.0MFY26 $18.2M

Metric	FY 2026	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$162.1M +16.9%	$138.6M +6.0%	$130.8M +13.8%	$114.9M +51.5%	$75.8M -26.6%	$103.3M
Net Income	$20.0M +2.1%	$19.6M -0.0%	$19.6M +44.3%	$13.6M +22.8%	$11.1M -17.6%	$13.4M
Operating Income	$30.1M -7.4%	$32.5M -5.6%	$34.4M +15.3%	$29.9M +17.0%	$25.5M -6.1%	$27.2M
EPS (Diluted)	$4.85 +1.0%	$4.80 +0.0%	$4.80 +45.5%	$3.30 +22.7%	$2.69 -15.7%	$3.19
Total Assets	$53.7M +9.8%	$48.9M -16.6%	$58.6M -25.4%	$78.5M -27.8%	$108.8M +3.4%	$105.3M
Total Debt	$50.5M -15.1%	$59.6M -25.5%	$80.0M -27.3%	$110.0M -25.1%	$146.8M -2.1%	$150.0M
Operating Cash Flow	$18.2M -8.8%	$20.0M +0.8%	$19.8M +20.4%	$16.5M +40.0%	$11.8M -4.7%	$12.3M

AI Insight: NATH Financial Trends

Nathan's Famous faces structural profitability decline as revenue volatility persists; debt load remains stubbornly elevated despite shrinking negative equity.

• Operating income halved from $14M (Q2 2024) to $5M (Q1 2026), compressing op margin to 14.3% vs. 31.1% two years prior.

• Negative equity improved from -$26M (Q2 2024) to -$14M (Q1 2026), driven by debt reduction from $60M to $51M.

• Revenue fell 22% year-over-year from Q1 2025 ($31M) to Q1 2026 ($35M), with sequential decline in operating cash flow to $3M.

⚠ Operating cash flow collapsed to near-zero in Q2 2025 despite $47M revenue, signaling working capital or operational stress.

⚠ Q4 seasonal weakness persists: revenue drops 26–29% in Q4 2024 and Q4 2025, compressing earnings disproportionately.

⚠ Negative equity of -$14M persists; debt has stabilized at $51M but requires sustained profitability improvement to resolve insolvency risk.

AI Insight: NATH Ratio Trends

Nathan's Famous has experienced a severe deterioration in profitability and returns, with operating margin falling from 30.7% in Q2 2024 to 13.4% in Q1 2026.

• Operating margin collapsed 17.3pp from Q2 2024 peak (30.7%) to Q1 2026 (13.4%), with every subsequent quarter showing declining trend.

• ROIC declined from 94.7% in Q3 2024 to 51.6% in Q1 2026, a 43.1pp contraction over four quarters.

• Net profit margin fell from 20.7% in Q2 2024 to 8.0% in Q1 2026, reflecting deteriorating operational efficiency.

⚠ Q4 2025 marked the steepest sequential margin drop (16.4% → 14.9%), suggesting structural headwinds beyond seasonality.

⚠ ROA plummeted from 63.4% in Q2 2024 to 20.9% in Q1 2026, indicating asset productivity has halved.

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Available Research

13F Pro tracks comprehensive data for NATHANS FAMOUS, INC. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of NATH

GAMCO INVESTORS, INC. ET AL
$29.3M291,086 sh
GABELLI FUNDS LLC
$18.8M187,000 sh
BlackRock, Inc.
$17.6M175,111 sh
RENAISSANCE TECHNOLOGIES LLC
$15.5M154,356 sh
VANGUARD CAPITAL MANAGEMENT LLC
$11.7M116,170 sh
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC
$6.7M66,320 sh
GEODE CAPITAL MANAGEMENT, LLC
$6.6M65,766 sh
STATE STREET CORP
$5.8M57,763 sh
ABC ARBITRAGE SA
$5.4M53,957 sh
Schonfeld Strategic Advisors LLC
$5.3M52,401 sh

Fund	Value	Shares
GAMCO INVESTORS, INC. ET AL	$29.3M	291,086
GABELLI FUNDS LLC	$18.8M	187,000
BlackRock, Inc.	$17.6M	175,111
RENAISSANCE TECHNOLOGIES LLC	$15.5M	154,356
VANGUARD CAPITAL MANAGEMENT LLC	$11.7M	116,170
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	$6.7M	66,320
GEODE CAPITAL MANAGEMENT, LLC	$6.6M	65,766
STATE STREET CORP	$5.8M	57,763
ABC ARBITRAGE SA	$5.4M	53,957
Schonfeld Strategic Advisors LLC	$5.3M	52,401

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Is NATH a good stock to buy?

13F Pro's AI-powered analysis of NATHANS FAMOUS, INC. (NATH) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Discretionary sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NATH are available on the NATH stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own NATH?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NATH. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NATHANS FAMOUS, INC.'s investment landscape.