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Nathan's Famous

Nathan's Famous Inc is an owner of fast food franchises in the United States. The company's reportable segment includes the Branded Product Program, Product licensing, Restaurant operations and Corporate. Branded Product Program derives revenue principally from the sale of hot dog products either directly to foodservice operators or to various foodservice distributors who resell the products to foodservice operators. It generates maximum revenue from the Branded Product Program segment. Geographically, it derives a majority of revenue from the United States.

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With reigning hot dog-eating champion Joey Chestnut off competing in Texas, it was anyone&#39;s guess who would win in Brooklyn. 

Nathan&#39;s Fourth Of July Hot Dog Eating Contest Crowns New King, Glizzy Queen Wins Again

New,York,City,-,July,4,2016:,Nathan's,Famous,Fourth

NFLX

Chestnut is sitting out of the Nathan&#39;s hot dog eating contest in New York. How patriotism could show through in his removal.

Joey Chestnut The Patriot? Reigning Champ Shuns Chinese-Backed Hot Dogs For &#39;Impossible&#39; American Ones

DKNG

Will the 2024 winner of the Nathan&#39;s Famous International Hot dog Eating Contest be celebrated or get an asterisk with Joey Chestnut not competing?

Fourth Of July Hot Dog Eating Contest: Betting Odds Favor New Champion As Joey Chestnut Sits Out

Nathan's Famous Inc

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Nathan's Famous Q2 EPS $1.47 Up From $1.40 YoY, Sales $41.11M Up From $38.74M YoY

With reigning hot dog-eating champion Joey Chestnut off competing in the &#8220;Fort Bliss Meat and Greet&#8221; in El Paso, Texas, it was anyone&#8217;s guess who would take the top title at this year&#8217;s <a href="https://www.benzinga.com/general/restaurants/24/07/39635507/joey-chestnut-the-patriot-reigning-champ-shuns-chinese-backed-hot-dogs-for-impossible-america">Nathan&#8217;s Hot Dog Eating Contest</a> in Brooklyn.
And the results for 2024 are official: Pat Bertoletti is the new Nathan&#8217;s Hot Dog Eating Contest champ after devouring 58 dogs and buns.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">58 GLIZZYS &#x1f631; PATRICK BERTOLETTI WINS THE MEN&#39;S NATHAN&#39;S FAMOUS HOT DOG CONTEST &#x1f44f; <a href="https://t.co/1CKtp4Xmxd">pic.twitter.com/1CKtp4Xmxd</a>
&mdash; ESPN (@espn) <a href="https://twitter.com/espn/status/1808909030233968949?ref_src=twsrc%5Etfw">July 4, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Geoffrey Esper secured second place after eating 53 dogs and buns, while James Webb of Australia came in third place with 52 dogs and buns consumed.
Before that, in the women&#8217;s contest, Miki Sudo &#8212; the Empress of Eating &#8212; finished in first with a record-breaking 51 hot dogs and buns consumed. Mayoi Ebihara finished second with 37 hot dogs and buns. Michelle Lesco came in third with 23.5 hot dogs and buns.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A NEW WOMEN&#39;S RECORD&#x203c;&#xFE0F; Miki Sudo downs 51 hot dogs to claim her 10th Nathan&#39;s Famous Hot Dog Eating Contest &#x1f32d; <a href="https://t.co/vyzX4TJ9oN">pic.twitter.com/vyzX4TJ9oN</a>
&mdash; ESPN (@espn) <a href="https://twitter.com/espn/status/1808883868063195298?ref_src=twsrc%5Etfw">July 4, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In 2023, Chestnut ate 62 hot dogs and buns. But in 2021, he set the world record, having eaten 76. 
Like the competitors today, Chestnut is a big believer in the &#8220;dunk-and-shove&#8221; method. That&#8217;s when the competitors dip the frankfurters and buns into liquid before scarfing them down. 
Chestnut set the world record twice in the prior three contests: In 2018, he imbibed 74 hot dogs and buns, and in 2020, he swallowed 75 hot dogs and buns.
Chestnut signed a controversial sponsorship contract with meatless food company Impossible Foods, which offended Nathan&#8217;s Famous, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NATH#NASDAQ">NATH</a>) and barred him from competing this year. 
Whether he would&#8217;ve retained the title this year against Bertoletti, we&#8217;ll never know. 
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/general/restaurants/24/07/39635507/joey-chestnut-the-patriot-reigning-champ-shuns-chinese-backed-hot-dogs-for-impossible-america">Joey Chestnut The Patriot? Reigning Champ Shuns Chinese-Backed Hot Dogs For &#8216;Impossible&#8217; American Ones</a></li>
</ul>

Nathan's Fourth Of July Hot Dog Eating Contest Crowns New King, Glizzy Queen Wins Again

For the first time in years, 16-time Nathan's Hot Dog Eating Contest champion Joey Chestnut will not be competing in the annual <a href="https://www.benzinga.com/general/entertainment/24/06/39304472/netflix-announces-chestnut-vs-kobayashi-unfinished-beef-hot-dog-eating-contest-after-joey-c">Fourth of July tradition.</a>
Yet, the competitor — undefeated since 2015 — may have made a choice that embodies the spirit of the Fourth of July.
What Happened: The event&#8217;s orchestrator, Major League Eating, <a href="https://www.benzinga.com/general/entertainment/24/06/39304472/netflix-announces-chestnut-vs-kobayashi-unfinished-beef-hot-dog-eating-contest-after-joey-c">excluded Chestnut from the annual </a>Nathan's Hot Dog Eating Contest.
Why snub your reigning champ from a 100-plus-year tradition? Turns out, Chestnut inked a sponsorship deal with plant-based food company Impossible Foods.
Impossible, a maker of plant-based meats, including hot dogs, is a Nathan's Famous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NATH#NASDAQ">NATH</a>) rival. 
The event, which airs on Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) owned ESPN2 at 11 a.m. EST, takes place at the iconic Nathan's Famous flagship restaurant at 1310 Surf Avenue in Coney Island (UPDATE: <a href="https://www.benzinga.com/general/restaurants/24/07/39637022/nathans-fourth-of-july-hot-dog-eating-contest-crowns-new-king-glizzy-queen-wins-again">Click here for our coverage of the winners</a>). 
Major League Eating reneged on the ban, sort of. The organization <a href="https://www.usatoday.com/story/sports/2024/07/03/joey-chestnut-hot-dog-eating-contest-nathans/74282210007/">told </a>USA Today that they offered to "set aside the exclusivity issue" and let Chestnut compete this year. However, Chestnut would have had to sign a multiyear deal with Nathan's before 2025 and end his partnership with Impossible.
Chestnut, who first entered the competitive eating scene in 2005 in a deep-fried asparagus eating contest, seemingly refused. 
The Nathan's Fourth of July hot dog eating contest has become an American holiday tradition. But it&#8217;s a Chinese conglomerate, WH Group, that owns Nathan&#8217;s Famous parent company, Smithfield Foods.
WH Group bought Smithfield in 2014 for $4.7 billion. It&#8217;s considered one of the largest acquisitions of a U.S. business by a Chinese firm.
Smithfield Foods is the largest pig and pork producer in the world. It also makes products under the banner of Eckrich and Nathan's Famous.
This begs a question: Is Chestnut a patriot for choosing Impossible, a company that makes its food in the U.S.?
Smithfield has factories in the U.S., Mexico and Europe.
Read Also: <a href="https://www.benzinga.com/general/sports/24/07/39624749/fourth-of-july-hot-dog-eating-contest-betting-odds-favor-new-champion-as-joey-chestnut-sits-out">Fourth Of July Hot Dog Eating Contest: Betting Odds Favor New Champion As Joey Chestnut Sits Out</a>
Why It's Important: While Chestnut won't compete live in the annual New York event, he will be involved in an event of his own.
Chestnut will be competing against soldiers in El Paso, Texas at the Fort Bliss Army base. The 16-time champion will attempt to eat as many hot dogs and buns in five minutes as the winner of the Nathan's contest can in 10 minutes. It is unknown who is making these hot dogs. 
"If I'm going to eat on the Fourth of July, I'm going to eat hard," Chestnut said.
Geoffrey Esper and James Webb are the betting favorites in the Nathan's contest without Chestnut. Esper's over/under is set at 49.5 for the contest. Esper ate 49 hot dogs finishing second last year. Webb finished third last year with 47 hot dogs eaten.
In 15 of his 17 appearances at the Fourth of July contest, Chestnut has consumed at least 60 hot dogs. On six occasions, he has eaten 70 or more. There were only two instances where Chestnut ate fewer than 60 hot dogs, and he won the contest both times.
What&#8217;s Next: Chestnut will also compete in an upcoming rematch with six-time Nathan's Hot Dog Eating Contest winner Takeru Kobayashi.
On Sept. 2, the two will face off in their first rematch since 2009 in "Chestnut vs. Kobayashi: Unfinished Beef" on Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).
It is worth noting that Chestnut will eat all-beef hot dogs in the Netflix challenge, but it is unknown who will be making them.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/management/24/02/36961118/costco-hires-new-cfo-but-dont-expect-1-50-hot-dog-combo-price-to-change">Costco Hires New CFO, But Don&#8217;t Expect $1.50 Hot Dog Combo Price To Change</a></li>
</ul>

Joey Chestnut The Patriot? Reigning Champ Shuns Chinese-Backed Hot Dogs For 'Impossible' American Ones

One of the great American traditions, the Nathan's Famous International Hot Dog Eating Contest, will have a different feel in 2024 as Joey Chestnut will not participate for the <a href="https://www.benzinga.com/general/entertainment/24/06/39304472/netflix-announces-chestnut-vs-kobayashi-unfinished-beef-hot-dog-eating-contest-after-joey-c">first time in years.</a>
With Chestnut out, the betting odds look significantly different.
What Happened: <a href="https://www.benzinga.com/general/entertainment/23/07/33109620/july-fourth-hot-dog-eating-contest-joey-chestnut-wins-mens-competition-miki-sudo-named-wome">Sixteen-time champ</a> Chestnut won't compete in this year's Fourth of July event due to a dispute over his sponsorship by plant-based food company <a href="https://www.benzinga.com/general/entertainment/24/06/39304472/netflix-announces-chestnut-vs-kobayashi-unfinished-beef-hot-dog-eating-contest-after-joey-c">Impossible Foods.</a>
The contest, which is sponsored by Nathan's Famous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NATH#NASDAQ">NATH</a>), will be very different in 2024 with Chestnut sitting out. This could lead to lower viewership for media rights partner The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) as well.
Disney will air the women's competition at 10:45 a.m. ET on Thursday on ESPN3 and the men's competition at 12 p.m. ET on Thursday on ESPN2.
While Chestnut won't compete in the Fourth of July contest, he will face off against former champion Takeru Kobayashi in a Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) special later this year on Sept. 2.
Read Also: <a href="https://www.benzinga.com/general/entertainment/24/06/39304472/netflix-announces-chestnut-vs-kobayashi-unfinished-beef-hot-dog-eating-contest-after-joey-c">Netflix Vs. Nathan&#8217;s Famous: How Streaming Giant And Food Company Backed By Bill Gates Could Eat Hot Dog Company&#8217;s Lunch In Joey Chestnut Battle</a>
Betting Odds: Here are the betting odds from DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) for the men's contest:
<ul>
<li>Geoffrey Esper: -115</li>
<li>James Webb: +175</li>
<li>Nick Wehry: +750</li>
<li>Patrick Bertoletti: +1,000</li>
<li>Field (Anyone not listed here): +2,500</li>
<li>Gideon Oji: +4,000</li>
<li>Derek Hendrickson: +7,500</li>
<li>Darrien Thomas: +7,500</li>
<li>Max Stanford: +7,500</li>
<li>George Chiger: +7,500</li>
</ul>
Bettors can also bet on the combined hot dogs eaten by Webb and Esper with the over/under set at 99.5. Esper's over/under is set at 49.5 in the contest.
The betting odds show a two-man race between Esper and Webb. Esper has been runner-up to Chestnut in each of the last two years. In 2023, Esper ate 49 hot dogs, while Webb finished third last year with 47 hot dogs eaten.
Here are the betting odds for the women's contest:
<ul>
<li>Miki Sudo: -900</li>
<li>Mayoi Ebihara: +500</li>
<li>Michelle Lesco: +2,200</li>
<li>Katie Prettyman: +5,000</li>
<li>Field: +5,000</li>
<li>Larell Marie Mele: +10,000</li>
</ul>
Another over/under bet combines the total for the men's favorite Esper and the women's favorite Miki Sudo and is set at 89.5.
Sudo is the heavy favorite to win her 10th championship in the women's event, which began in 2011.
Sudo has won all but one of the women's Fourth of July hot dog eating contests since 2014, with the lone exception being in 2021 when she sat out due to pregnancy.
In 2023, Sudo ate 39.5 hot dogs. Sudo holds the women's Fourth of July record at 48.5.
Tainted Championship?: This year will mark the first time in 23 years that neither Kobayashi or Chestnut competed in the event.
Chestnut has won the event every year since 2007, except in 2015 when he was defeated by Matt Stonie. That year, Chestnut ate 60 hot dogs, while Stonie managed to eat 62.
In 15 of his 17 appearances at the Fourth of July contest, Chestnut has consumed at least 60 hot dogs. On six occasions, he has eaten 70 or more. There were only two instances where Chestnut ate fewer than 60 hot dogs, and he won the contest both times.
Those figures would be enough for Chestnut to beat the competitors in this year's competition. Esper has a career high of 50 set in 2021. In last year's competition, both Esper and Webb failed to clear the 50 mark.
With Chestnut absent due to a decision by the Major League Eating organization rather than by his own choice, some might argue that this year&#8217;s winner should have an asterisk next to their victory.
This year's winner will likely be less recognized than past years as they ultimately aren't beating a legend like Kobayashi or Chestnut, but instead beating lesser competition.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/07/39621719/americans-divided-on-feeling-richer-or-poorer-this-fourth-of-july-nearly-half-say-inflation-is-worse">Americans Divided On Feeling Richer Or Poorer This Fourth Of July, Nearly Half Say Inflation Is Worse Than Last Year</a></li>
</ul>
Photo: a katz/Shutterstock.com

Anyone who follows the world of competitive eating or has watched a July 4 hot dog eating competition in the last decade knows the name Joey Chestnut, which has become <a href="https://www.benzinga.com/general/sports-betting/23/07/33101513/joey-chestnuts-quest-for-16th-hotdog-championship-a-look-at-his-sponsorships-performance-s">synonymous with the sport.</a>
Known as one of the greatest competitive eaters of all time, Chestnut will not compete in this year's July 4 Nathan's Famous International Hot Dog Eating Contest.
What Happened: Many in the sports world were shocked to hear that Chestnut <a href="https://www.benzinga.com/general/entertainment/24/06/39304472/netflix-announces-chestnut-vs-kobayashi-unfinished-beef-hot-dog-eating-contest-after-joey-c">will not be competing</a> in this year's event, which is hosted by sponsor Nathan's Famous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NATH#NASDAQ">NATH</a>).
The competitive eater was told he couldn't compete due to his sponsorship with plant-based food company Impossible Foods, which has launched its own hot dog brand. Chestnut, who has won the event 16 times, will take part in another competition.
Streaming giant Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) announced it will host "Chestnut vs. Kobayashi: Unfinished Beef" on Sept. 2 at a to be named location
The new live head-to-head all-beef hot dog eating competition will pit Chestnut against Takeru Kobayashi, a rival who won the Nathan's July 4 contest six times. The two have not faced off against each other since 2009. Kobayashi announced his retirement from competitive eating last month citing health concerns, but wants one last shot at Chestnut.
"Retiring for me will only happen after I take him down one last time," Kobayashi said in a statement <a href="https://www.espn.com/espn/story/_/id/40336742/joey-chestnut-face-takeru-kobayashi-labor-day-hot-dog-battle">shared </a>by ESPN. "This rivalry has been brewing for a long time. Competing against Joey live on Netflix means fans all over the world can watch me knock him out."
Chestnut holds the world record at 76 hot dogs and buns consumed in 10 minutes at the July 4 event in 2021. A 16th title was won last year by Chestnut with 62 hots dogs and buns consumed.
Chestnut and Kobayashi tied in 2008 before Chestnut won in a controversial tie breaker.
ESPN, a unit of The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), may be the unfortunate casualty in the controversy. The media company airs the annual July 4 eating competition with millions often tuning in in recent years. ESPN recently renewed its rights to the competition through 2029. Without Chestnut, this year&#8217;s event could see significantly lower viewership.
Related Link: <a href="https://www.benzinga.com/general/biotech/23/03/31284136/bill-gates-is-not-expecting-you-to-give-up-meat-even-though-the-planet-could-benefit-from-it-here">Bill Gates Is Not Expecting You To Give Up Meat, Even Though The Planet Could Benefit From It — Here&#8217;s Why</a>
Possible Winner: As much as Netflix could be a winner in the controversy, Impossible Foods has gained extra attention for free. If the saying of there's no such thing as bad publicity is true, Impossible Foods could be swimming in free PR and media coverage (including this article).
While many know of the plant-based food company, Chestnut's sponsorship and the added attention could create even more brand awareness for the company that is growing its product lineup and retail presence.
In a statement to ESPN, Impossible Foods said they support Chestnut "in any contest he chooses" and perhaps cleverly added "meat eaters shouldn't have to be exclusive to just one wiener."
Impossible was founded in 2011 and has been a rumored IPO over the years with multi-billion dollar valuations. The company <a href="https://impossiblefoods.com/media/news-releases/impossible-foods-closes-usd500m-in-new-funding-amid-record-growth">raised </a>$500 million in 2021 and has a roster of investors that includes Khosla Ventures, Bill Gates, UBS, Temasek, Coatue and Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) venture capital arm Google Ventures.
Impossible has also added a lit of celebrities and athletes among its investors over the years. A 2020 funding round <a href="https://impossiblefoods.com/media/news-releases/2020-08/impossible-foods-closes-200-million-in-new-funding-to-accelerate-growth">listed </a>Kirk Cousins, Common, Paul George, Peter Jackson, Jay-Z, Mindy Kaling, Trevor Noah, Alexis Ohanian, Kal Penn, Katy Perry, Questlove, Serena Williams and more as Impossible investors.
Impossible could look to launch a new advertising campaign with Chestnut centered on the controversy to capitalize even more attention. 
Why It's Important: Nathan's is well-known as a top hot dog company and its name has become synonymous with the annual July 4 hot dog eating competition.
The decision to keep Chestnut out of the competition could have a lasting negative impact. Major League Eating and Nathan's have not banned Chestnut from the competition, but given the ultimatum that he end his sponsorship with Impossible Foods.
The timing for the controversy also came at a poor time for Nathan's as the company reported fourth-quarter and full-year financial results on Wednesday.
At a time when the company should have been celebrating its growing year-over-year revenue, investors may have noticed the calls to boycott the company <a href="https://x.com/search?q=boycott%20nathans&amp;src=typed_query">growing </a>on social media platform X.
Nathan's <a href="https://nathansfamous.gcs-web.com/news-releases/news-release-details/nathans-famous-inc-reports-year-end-and-fourth-quarter-13">reported </a>fourth-quarter revenue of $28.99 million compared to $27.41 million in the previous year's fourth quarter. Earnings per share of 96 cents for the fourth quarter also came in ahead of the previous year's fourth quarter total of 80 cents per share.
NATH Price Action: Nathan's shares are down 1% to $69.27 on Thursday versus a 52-week trading range of $61.35 to $82.00. Nathan's stock is down 14.5% over the last year.
Read Next: <a href="https://www.benzinga.com/general/entertainment/22/07/27958984/from-hot-dogs-to-chokeholds-how-joey-chestnut-won-nathans-hot-dog-eating-contest">From Frankfurters To Chokeholds: How Joey Chestnut Won Nathan&#8217;s Hot Dog Eating Contest</a>

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Netflix Vs. Nathan's Famous: How Streaming Giant And Food Company Backed By Bill Gates Could Eat Hot Dog Company's Lunch In Joey Chestnut Battle

Nathan's Famous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NATH#NASDAQ">NATH</a>) reported quarterly earnings of $0.96 per share. This is a 20 percent increase over earnings of $0.80 per share from the same period last year. The company reported $28.99 million in sales this quarter. This is a 5.75 percent increase over sales of $27.41 million the same period last year.

Nathan's Famous Q4 EPS $0.96 Up From $0.80 YoY, Sales $28.99M Up From $27.41M YoY

Investors eagerly anticipate the dividend payout from Nathan's Famous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NATH#NASDAQ">NATH</a>) on March 01, 2024. With a payout of $0.50 per share and an annualized dividend yield of 2.80%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on February 16, 2024
<h3>Nathan's Famous Recent Dividend Payouts</h3>
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<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-02-16</td>
<td style="text-align: right;">4</td>
<td>$0.5</td>
<td>2.8%</td>
<td>2024-02-01</td>
<td>2024-02-20</td>
<td>2024-03-01</td>
</tr>
<tr>
<td>2023-11-17</td>
<td style="text-align: right;">4</td>
<td>$0.5</td>
<td>3.09%</td>
<td>2023-11-02</td>
<td>2023-11-20</td>
<td>2023-12-01</td>
</tr>
<tr>
<td>2023-08-18</td>
<td style="text-align: right;">4</td>
<td>$0.5</td>
<td>2.48%</td>
<td>2023-08-03</td>
<td>2023-08-21</td>
<td>2023-09-01</td>
</tr>
<tr>
<td>2023-06-16</td>
<td style="text-align: right;">4</td>
<td>$0.5</td>
<td>2.47%</td>
<td>2023-06-08</td>
<td>2023-06-20</td>
<td>2023-06-28</td>
</tr>
<tr>
<td>2023-02-17</td>
<td style="text-align: right;">4</td>
<td>$0.5</td>
<td>2.78%</td>
<td>2023-02-02</td>
<td>2023-02-21</td>
<td>2023-03-03</td>
</tr>
<tr>
<td>2022-11-18</td>
<td style="text-align: right;">4</td>
<td>$0.45</td>
<td>2.61%</td>
<td>2022-11-03</td>
<td>2022-11-21</td>
<td>2022-12-02</td>
</tr>
<tr>
<td>2022-08-19</td>
<td style="text-align: right;">4</td>
<td>$0.45</td>
<td>3.27%</td>
<td>2022-08-05</td>
<td>2022-08-22</td>
<td>2022-09-02</td>
</tr>
<tr>
<td>2022-06-16</td>
<td style="text-align: right;">4</td>
<td>$0.45</td>
<td>3.49%</td>
<td>2022-06-10</td>
<td>2022-06-20</td>
<td>2022-06-24</td>
</tr>
<tr>
<td>2022-02-17</td>
<td style="text-align: right;">4</td>
<td>$0.45</td>
<td>3.41%</td>
<td>2022-02-04</td>
<td>2022-02-21</td>
<td>2022-03-04</td>
</tr>
<tr>
<td>2021-11-19</td>
<td style="text-align: right;">4</td>
<td>$0.35</td>
<td>2.27%</td>
<td>2021-11-05</td>
<td>2021-11-22</td>
<td>2021-12-03</td>
</tr>
<tr>
<td>2021-08-20</td>
<td style="text-align: right;">4</td>
<td>$0.35</td>
<td>2.19%</td>
<td>2021-08-06</td>
<td>2021-08-23</td>
<td>2021-09-03</td>
</tr>
<tr>
<td>2021-06-18</td>
<td style="text-align: right;">4</td>
<td>$0.35</td>
<td>1.92%</td>
<td>2021-06-11</td>
<td>2021-06-21</td>
<td>2021-06-25</td>
</tr>
</tbody>
</table>
Nathan's Famous's dividend yield falls in the middle range when compared to its industry peers, with FAT Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FATBB#NASDAQ">FATBB</a>) having the highest annualized dividend yield at 7.89%.
<h3>Analyzing Nathan's Famous Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709305519_0.png" alt="dividend chart graph" />
As you can see, from 2020 to 2023, investors saw an average increase in the company's dividend per share, rising from $1.40 in 2020 to $2.00 in 2023. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
<h3>YoY Earnings Growth For Nathan's Famous</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709305519_1.png" alt="earning chart graph" />
From 2020 to 2023, Nathan's Famous has demonstrated an upward trend in earnings, with earnings per share rising from $2.91 to $4.80. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
<h3>Recap</h3>
This article delves into the recent dividend payout of Nathan's Famous and its implications for shareholders. Presently, the company is distributing a dividend of $0.50 per share, leading to an annualized dividend yield of 2.80%.
Nathan's Famous's dividend yield falls in the middle range when compared to its industry peers, with FAT Brands having the highest annualized dividend yield at 7.89%.
Given that Nathan's Famous has experienced an increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
[See current stock movements Nathan's Famous on Benzinga.](https://www.benzinga.com/quote/Nathan's Famous (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nath#NASDAQ">NATH</a>))
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dividends

FATBB

Surpassing Expectations: Nathan's Famous Unleashes Growth Potential and Rewards Investors

Nathan's Famous Q3 EPS $0.64 Down From $0.79 YoY, Revenue $28.890M Up From $26.154M YoY

On December 01, 2023, Nathan's Famous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NATH#NASDAQ">NATH</a>) will distribute a dividend payout of $0.50 per share, equating to an annualized dividend yield of 3.09%. Shareholders who owned the stock before the ex-dividend date on November 17, 2023 will receive this payout.
<h3>Nathan's Famous Recent Dividend Payouts</h3>
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 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-11-17</td>
<td style="text-align: right;">4</td>
<td>$0.5</td>
<td>3.09%</td>
<td>2023-11-02</td>
<td>2023-11-20</td>
<td>2023-12-01</td>
</tr>
<tr>
<td>2023-08-18</td>
<td style="text-align: right;">4</td>
<td>$0.5</td>
<td>2.48%</td>
<td>2023-08-03</td>
<td>2023-08-21</td>
<td>2023-09-01</td>
</tr>
<tr>
<td>2023-06-16</td>
<td style="text-align: right;">4</td>
<td>$0.5</td>
<td>2.47%</td>
<td>2023-06-08</td>
<td>2023-06-20</td>
<td>2023-06-28</td>
</tr>
<tr>
<td>2023-02-17</td>
<td style="text-align: right;">4</td>
<td>$0.5</td>
<td>2.78%</td>
<td>2023-02-02</td>
<td>2023-02-21</td>
<td>2023-03-03</td>
</tr>
<tr>
<td>2022-11-18</td>
<td style="text-align: right;">4</td>
<td>$0.45</td>
<td>2.61%</td>
<td>2022-11-03</td>
<td>2022-11-21</td>
<td>2022-12-02</td>
</tr>
<tr>
<td>2022-08-19</td>
<td style="text-align: right;">4</td>
<td>$0.45</td>
<td>3.27%</td>
<td>2022-08-05</td>
<td>2022-08-22</td>
<td>2022-09-02</td>
</tr>
<tr>
<td>2022-06-16</td>
<td style="text-align: right;">4</td>
<td>$0.45</td>
<td>3.49%</td>
<td>2022-06-10</td>
<td>2022-06-20</td>
<td>2022-06-24</td>
</tr>
<tr>
<td>2022-02-17</td>
<td style="text-align: right;">4</td>
<td>$0.45</td>
<td>3.41%</td>
<td>2022-02-04</td>
<td>2022-02-21</td>
<td>2022-03-04</td>
</tr>
<tr>
<td>2021-11-19</td>
<td style="text-align: right;">4</td>
<td>$0.35</td>
<td>2.27%</td>
<td>2021-11-05</td>
<td>2021-11-22</td>
<td>2021-12-03</td>
</tr>
<tr>
<td>2021-08-20</td>
<td style="text-align: right;">4</td>
<td>$0.35</td>
<td>2.19%</td>
<td>2021-08-06</td>
<td>2021-08-23</td>
<td>2021-09-03</td>
</tr>
<tr>
<td>2021-06-18</td>
<td style="text-align: right;">4</td>
<td>$0.35</td>
<td>1.92%</td>
<td>2021-06-11</td>
<td>2021-06-21</td>
<td>2021-06-25</td>
</tr>
<tr>
<td>2021-02-19</td>
<td style="text-align: right;">4</td>
<td>$0.35</td>
<td>2.3%</td>
<td>2021-02-05</td>
<td>2021-02-22</td>
<td>2021-03-05</td>
</tr>
</tbody>
</table>
In terms of dividend yield, Nathan's Famous finds itself in the middle ground among its industry peers, while FAT Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAT#NASDAQ">FAT</a>) takes the lead with the highest annualized dividend yield at 9.66%.
<h3>Analyzing Nathan's Famous Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1701443103_0.png" alt="dividend chart graph" />
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $1.30 in 2019 to $1.80 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
<h3>YoY Earnings Growth For Nathan's Famous</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1701443103_1.png" alt="earning chart graph" />
The earnings chart illustrates an increase in Nathan's Famous's earnings per share, from $3.18 in 2019 to $4.24 in 2022. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
<h3>Recap</h3>
This article provides an in-depth analysis of Nathan's Famous's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.50 per share, resulting in an annualized dividend yield of 3.09%.
In terms of dividend yield, Nathan's Famous finds itself in the middle ground among its industry peers, while FAT Brands takes the lead with the highest annualized dividend yield at 9.66%.
The increase in both dividend per share and earnings per share from 2019 to 2022 for Nathan's Famous indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
[Track real-time stock fluctuations for Nathan's Famous on Benzinga.](https://www.benzinga.com/quote/Nathan's Famous (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nath#NASDAQ">NATH</a>))
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Thriving with Robust Performance: Nathan's Famous Delivers Growing Profits to Investors

Nathan's Famous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NATH#NASDAQ">NATH</a>) reported quarterly earnings of $1.40 per share. This is a 4.11 percent decrease over earnings of $1.46 per share from the same period last year. The company reported $38.74 million in sales this quarter. This is a 3.33 percent increase over sales of $37.50 million the same period last year.

Nathan's Famous Q2 EPS $1.40 Down From $1.46 YoY, Sales $38.74M Up From $37.50M YoY

Joanne Podell, Director at Nathan's Famous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NATH#NASDAQ">NATH</a>), reported a large acquisition of company stock options on August 15, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000069733/000110465923091997//Archives/edgar/data/69733/000110465923091997/0001104659-23-091997-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday showed that Podell, Director at Nathan's Famous, a company in the Consumer Discretionary sector, was just awarded stock options worth 10,000 shares of NATH. The options give Podell the right to buy the company's stock at $78.0 per share.
Nathan's Famous shares are trading down 0.07% at $74.8 at the time of this writing on Wednesday morning. Since the current price is $74.8, this makes Podell's 10,000 shares worth $748,000.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000069733">Check Out The Full List Of Nathan's Famous's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Director at Nathan's Famous Acquires Company Stock Options Worth 10,000 Shares

Nathan's Famous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NATH#NASDAQ">NATH</a>) reported quarterly earnings of $1.81 per share. This is a 4.02 percent increase over earnings of $1.74 per share from the same period last year. The company reported $41.98 million in sales this quarter. This is a 5.70 percent increase over sales of $39.72 million the same period last year.

Nathan's Famous Q1 EPS $1.81 Up From $1.74 YoY, Sales $41.98M Up From $39.72M YoY

The Fourth of July, a holiday celebrating American independence, is commemorated with parades, fireworks, and festivities. The day also embraces a unique tradition of competitive eating, with a hot dog eating contest that&nbsp;has made Joey Chestnut a <a href="https://www.benzinga.com/general/entertainment/22/07/27958984/from-hot-dogs-to-chokeholds-how-joey-chestnut-won-nathans-hot-dog-eating-contest">household name around the world.</a>
Chestnut&rsquo;s Dominance: Since entering his first hot dog contest in 2005, Chestnut has been one of the top competitive eaters in the world.
The winner of 15 Mustard Belts, Chestnut hasn&rsquo;t lost the Nathan&rsquo;s Hot Dog Eating Contest since 2015 and holds many of the records for the annual competition, sponsored by Nathan&rsquo;s Famous Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nath#NASDAQ">NATH</a>).
Chestnut holds the current record for the annual hot dog eating competition with 76 hot dogs eaten in 2021, according to <a href="https://www.espn.com/sportsnation/story/_/id/37940564/joey-chestnut-nathan-hot-dog-dominance">ESPN</a>. Chestnut also holds the 10 highest totals in the event, giving him complete dominance on the leaderboard.
Chestnut has eaten 1,152 hot dogs and buns in the annual event since 2005. The total length of the hot dogs consumed by Chestnut equals 648 feet, surpassing the height of the Statue of Liberty (305 feet) by more than double.
Along with records in hot dog eating, Chestnut also holds Major League Eating records in 54 different categories. Chestnut holds numerous eating records, including consuming 182 chicken wings in 30 minutes, 47 grilled cheese sandwiches in 10 minutes, 121 Twinkies in 6 minutes, among other food feats.
Chestnut&rsquo;s dominance of 15 titles in one competition could make him arguably one of the greatest athletes of all time, if one considers competitive eating as a sport. Michael Jordan won six NBA titles, Tom Brady won seven Super Bowls, but neither has come close to double-digit championships in their respective sports.
In the four major North American sports, the record is 11 titles, set by Bill Russell in the NBA and Henri Richard in the NHL.
Outside the four sports, Rafael Nadal may have the next best comparable, winning 14 French Opens between 2005 and 2022, dominating one of the annual grand slam tennis competitions.
Related Link: <a href="https://www.benzinga.com/news/23/05/32557133/exclusive-draftkings-ceo-jason-robins-says-sports-betting-platform-differentiates-itself-by-analyzin">Exclusive: DraftKings CEO Jason Robins Says Sports Betting Platform Differentiates Itself For Customers&nbsp;</a>
Sponsors and Going Full Time: Thanks to his success in competitive eating and the ability to attract sponsors, Chestnut has earned over $4 million, as <a href="https://www.usatoday.com/story/sports/2023/07/02/joey-chestnut-hot-dog-champion-multimillionaire-competitive-eater/70374516007/">reported </a>by USA Today. This includes earning over $500,000 last year.
&ldquo;You have to see yourself as a business when you&rsquo;re working for yourself,&rdquo; Chestnut told USA Today.
While many competitive eaters have to work full-time or part-time due to the lower prize payouts than professional sports, Chestnut was able to leave his construction management job in 2010.
That same year, Chestnut was offered a sponsorship deal from Pepto-Bismol, netting him $10,000 per event for four separate competitive eating contests.
Chestnut was able to quit his job and also buy a home, which he said led to some awkward conversations explaining his full-time job of competitive eating during the home loan process.
Sponsorships for Chestnut today include PepsiCo (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pep#NYSE">PEP</a>), DUDE Wipes, Raising Cane&rsquo;s Chicken Fingers and Wonderful Pistachios.
&quot;The Pepsi one is definitely a little bit of a game-changer,&quot; Chestnut told USA Today, although he chose not to disclose the monetary value of his agreements.
Chestnut is represented by Everest Talent Management.
Betting Odds: Chestnut holds the record for devouring 76 hot dogs, and has surpassed the milestone of 70 hot dogs and buns in a single event on six separate occasions.
In the last 16 years, Chestnut has won 15 Nathan&rsquo;s Famous Hot Dog Eating Contests, losing only in 2015 in an upset to Matt Stonie. Chestnut is the winner of seven straight competitions.
Betting odds at DraftKings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dkng#NASDAQ">DKNG</a>) list Chestnut as the favorite at odds of -4000. The next highest competition is listed as Geoffrey Esper at +1000 and Nick Wehry at +2000.
The over/under is listed at 72.5 hot dogs and buns for Chestnut. Other prop bets include if Chestnut will break his record with more than 76 hot dogs and buns eaten, which has odds of +285 and a spread of -22.5 for Chestnut against Esper.
The overwhelmingly favored odds for Chestnut imply that a bettor wagering $100 would stand to gain only $2.50 if Chestnut clinches the title.&nbsp;A bettor would have to bet $4,000 to win $100 on Chestnut. Many are backing the favorite, and many are placing wagers on the over/under for Chestnut. One&nbsp;bettor at DraftKings has <a href="http://twitter.com/DavidPurdum/status/1675924611551166464">placed </a>a $2,000 bet on Chestnut to win, which would yield a modest profit of $50.
In 2022, Chestnut won the competition with 63 hot dogs and buns eaten, but it came with a slight asterisk as he was interrupted by a protester on stage. Chestnut put the protester in a headlock before security took them away. The disruption saw several sportsbooks <a href="https://www.actionnetwork.com/news/draftkings-barstool-refund-joey-chestnut-over-under-bets-protest">refund </a>bets on the over.
In the 2022 contest, despite competing on crutches due to a ruptured tendon, Chestnut triumphed, downing 16 more hot dogs and buns than Esper. He was even aiming to shatter his own record by eating 80 hot dogs. As in other years, Chestnut was a major favorite in 2022, with some sportsbooks listing him at odds of -10000.
Esper has a career-best in the competition of 51 hot dogs and buns, and has finished in second place in the last two years. Esper holds <a href="https://www.masslive.com/news/2023/07/mass-native-geoffrey-esper-to-battle-joey-chestnut-in-nathans-hot-dog-eating-contest.html#:~:text=In%20some%20eating%20competitions%2C%20Esper,bratwurst%20sausages%20in%2010%20minutes.">records </a>in several food-eating competitions, even beating Chestnut in a <a href="https://www.benzinga.com/pressreleases/19/06/b13883993/geoffrey-esper-beat-out-joey-chestnut-devouring-235-donettes-at-the-second-world-hostess-donettes-">donut-eating competition in 2019</a>. Esper said in an interview that he&rsquo;s been practicing a method of separating two hot dogs, eating them, and then eating buns that are dunked in fruit punch to wash them down better.
In the women&#39;s category of&nbsp;the Nathan&rsquo;s Famous Hot Dog Eating&nbsp;Contest, Miki Sudo is a huge favorite with odds of -500. Sudo holds the record with 48.5 hot dogs eaten, set in 2020, and has won eight of the 12 women&rsquo;s competitions. In 2022, Sudo won the competition with 40 hot dogs, outperforming the nearest competitor by a margin of 16.
Sudo, who is the wife of Wehry, is featured in several betting props on DraftKings. A bet of over/under 114.5 hot dogs for Chestnut and Sudo is offered. A spread bet of Chestnut -30.5 vs. Sudo is also offered.
The Nathan&rsquo;s Famous Hot Dog Eating Contest will air on the ESPN app and ESPN2, units of The Walt Disney Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dis#NYSE">DIS</a>), at 12 p.m. ET Tuesday, July 4. The women&rsquo;s competition will air on the ESPN app at 10:45 a.m. ET Tuesday.
Read Next:<a href="https://www.benzinga.com/general/entertainment/23/05/32453055/youtube-stars-take-google-to-the-bank-how-much-mrbeast-jake-paul-other-content-creators-mak"> How Much MrBeast, Jake Paul, Other Content Creators Make On YouTube&nbsp;</a>
Photo: Shutterstock

Sports Betting

Small Cap

General

Joey Chestnut's Quest For 16th Hotdog Championship: A Look At His Sponsorships, Performance Stats, And Betting Odds

Thursday marks the last chance for investors to receive the next dividend payout from Nathan's Famous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NATH#NASDAQ">NATH</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 50 cents per share. On Friday, Nathan's Famous will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 50 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own NATH as of the end of Thursday's session are eligible to receive the 50 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on June 28, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on Nathan's Famous's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Nathan's Famous: Dividend Insights

Nathan's Famous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NATH#NASDAQ">NATH</a>) reported quarterly earnings of $0.80 per share. This is a 53.85 percent increase over earnings of $0.52 per share from the same period last year. The company reported $27.41 million in sales this quarter. This is a 10.67 percent increase over sales of $24.77 million the same period last year.

Nathan's Famous Q4 EPS $0.80 Up From $0.52 YoY, Sales $27.41M Up From $24.77M YoY

Nathan's Famous Increases Quarterly Dividend By 11% To $0.50/Share

Nathan's Famous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NATH#NASDAQ">NATH</a>) reported quarterly earnings of $0.79 per share. This is a 51.92 percent increase over earnings of $0.52 per share from the same period last year. The company reported $26.15 million in sales this quarter. This is a 0.86 percent increase over sales of $25.93 million the same period last year.

Nathan's Famous Q3 EPS $0.79 Up From $0.52 YoY, Sales $26.15M Up From $25.93M YoY

Nathan's Famous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NATH#NASDAQ">NATH</a>) reported quarterly earnings of $1.46 per share. This is a 69.77 percent increase over earnings of $0.86 per share from the same period last year. The company reported $37.50 million in sales this quarter. This is a 14.05 percent increase over sales of $32.88 million the same period last year.

Nathan's Famous Q2 EPS $1.46 Up From $0.86 YoY, Sales $37.50M Up From $32.88M YoY

WIIM

Nathan's Famous shares are trading higher after the company reported Q1 EPS and sales results were higher year over year.

Nathan's Famous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NATH#NASDAQ">NATH</a>) reported quarterly earnings of $1.74 per share. This is a 24.29 percent increase over earnings of $1.40 per share from the same period last year. The company reported $39.72 million in sales this quarter. This is a 26.82 percent increase over sales of $31.32 million the same period last year.

Nathan's Famous Q1 EPS $1.74 Up From $1.40 YoY, Sales $39.72M Up From $31.32M YoY

Nathan's Famous declares $0.50 dividend

Chipotle Mexican (CMG) reported mixed financial results in the second quarter of 2024. While the restaurant chain company's long-term outlook appears bright with diversifying menu and store network expansion, it faces some company-specific issues currently. So, should you buy or hold this stock? Read more to find out... Chipotle Mexican Grill, Inc. (<a href="https://stocknews.com/stock/CMG/">CMG</a>), which owns and operates Chipotle Mexican Grill restaurants, reported fiscal 2024 second-quarter results. The company easily surpassed the analysts' EPS and revenue estimates in the reported quarter.
For the second quarter, CMG's EPS of $0.34 beat the consensus estimate by $0.02, and its revenue of $2.97 billion was higher than the analyst estimates. The company continued its stellar earnings history, beating the consensus EPS estimate in each of the trailing four quarters.
However, CMG's stock took a significant hit in the last three months, dropping around 12% despite the recently executed 50-for-1 stock split of its common stock. The company also underperformed compared to other industry players like Darden Restaurants, Inc. (<a href="https://stocknews.com/stock/DRI/">DRI</a>), which is up 5.4%; Restaurant Brands International Inc. (<a href="https://stocknews.com/stock/QSR/">QSR</a>), up 3.5%; and CAVA Group, Inc., up 27.1%.
The recent stock decline was mainly due to an online customer backlash over claims that CMG had reduced its portion sizes while increasing prices. Although the management acted quickly and acknowledged raising prices to offset inflation and higher input costs, the explanation could not ease dissatisfaction. Also, wage inflation and higher costs across most commodities and categories continue to propel costs.
Shares of CMG gained 10.1% over the past month and 46.8% over the past year to close its last trading session at $55.63. However, the stock has declined marginally from the previous session.
During the quarter, CMG opened 52 new company-operated restaurants with 46 locations including a Chipotlane, and one international licensed restaurant coming to a total of over 3,500 restaurants as of June 30, 2024 in the United States, Canada, the United Kingdom, France, Germany, and Kuwait.
Brian Niccol, Chairman and CEO of Chipotle, commented, "The second quarter was outstanding as successful brand marketing, including the return of Chicken Al Pastor, drove strong demand to our restaurants. Our focus and training around throughput paid off as we were able to meet the stronger demand trends with terrific service and speed, driving over 8% transaction growth in the quarter."
According to the company's full-year 2024 outlook, CMG expects restaurant sales growth in the mid to high-single-digit range. Also, it expects 285 to 315 new restaurant openings with over 80% having a Chipotlane.
Let's look at factors that could influence CMG's performance in the upcoming months.
Mixed Financials
For the second quarter that ended June 30, 2024, CMG's <a href="https://www.investopedia.com/terms/r/revenue.asp">total revenue</a> increased 18.2% year-over-year to $2.97 billion, while its delivery service revenue growth was comparatively slower to $18.20 million. The company's income from operations of $586.05 million indicates growth of 35.7% year-over-year.
Also, the company's adjusted net income and adjusted EPS came in at $462.99 million and $0.34, indicating growth of 31.9% and 36% from the prior year's quarter, respectively.
Positive Historical Growth
CMG's revenue grew at a CAGR of 15.9% over the past three years, while its EBITDA improved at a CAGR of 30.8%. Its EBIT increased at a CAGR of 36.6% over the same period, while the company's net income and EPS grew at respective CAGRs of 34% and 35.2% over the same time frame.
Furthermore, the company's total assets and levered free cash flow increased at CAGRs of 12.2% and 68.1% over the same timeframe, respectively.
Favorable Analyst Estimates
Analysts expect CMG's revenue for the third quarter (ending September 2024) to come in at $2.81 billion, indicating an increase of 13.8% year-over-year. The consensus EPS estimate of $0.25 for the same period reflects a 10.2% year-over-year improvement. Further, the company topped the consensus EPS estimates in all of the trailing four quarters.
For the fiscal year 2024, the company's revenue and EPS are anticipated to grow 14.8% and 21.5% year-over-year to $11.33 billion and $1.09, respectively. In addition, Street expects its revenue and EPS for the fiscal year 2025 to grow 13.6% and 18.9% from the prior year to $12.87 billion and $1.30, respectively.
Stretched Valuation
In terms of forward non-GAAP P/E, CMG is currently trading at 51.16x, 229.1% higher than the industry average of 15.55x. Also, the stock's forward EV/Sales and Price/Sales of 6.98x and 6.74x are considerably higher than the industry average of 1.23x and 0.88x, respectively.
Additionally, the stock's forward EV/EBITDA and Price/Cash Flow of 35.40x and 36.97x are 257.2% and 269.2% higher than the industry averages of 9.91x and 10.01x, respectively.
POWR Ratings Reflect Uncertainty
CMG's mixed fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, translating to a Neutral in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. CMG has an F grade for Value, consistent with its elevated valuation. Also, the stock has a C for Momentum justified by the stock trading below its 50-day and 200-day moving averages of $56.44 and $54.30, respectively.
CMG is ranked #23 among the 41 stocks in the <a href="https://stocknews.com/category/restaurants/">Restaurants</a> industry.
Beyond what I have stated above, we have also given CMG grades for Growth, Stability, Sentiment, and Quality. Get access to all the CMG ratings <a href="https://stocknews.com/stock/CMG/">here</a>.
Bottom Line
CMG continues to widen its business scale. During the second quarter, the company opened 52 new company-operated restaurants in 46 locations, and with its menu experiments and diversification, CMG is catching the attention of more and more customers. However, it continues to grapple with inflation affecting its produce prices, slower delivery services growth, and rising competition.
Given CMG's mixed financials and elevated valuation, waiting for a better entry point in this stock seems prudent.
Stocks to Consider Instead of Chipotle Mexican Grill, Inc. (CMG)
Given its near-term uncertain prospects, the odds of CMG outperforming in the weeks and months ahead are compromised. However, there are many industry peers with much more impressive POWR Ratings. So, consider these A (Strong Buy) or B (Buy) stocks from the <a href="https://stocknews.com/category/restaurants/">Restaurants</a> industry instead:
Good Times Restaurants Inc. (<a href="https://stocknews.com/stock/GTIM/">GTIM</a>)
Nathan's Famous, Inc. (<a href="https://stocknews.com/stock/NATH/">NATH</a>)
Rave Restaurant Group, Inc. (<a href="https://stocknews.com/stock/RAVE/">RAVE</a>)
For exploring more A and B-rated restaurants stocks, <a href="https://stocknews.com/category/restaurants/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

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CMG shares were trading at $55.64 per share on Friday morning, up $0.01 (+0.02%). Year-to-date, CMG has gained 21.65%, versus a 18.62% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/cmg-gtim-nath-rave-dri-qsr-as-chipotle-shares-drop-is-this-a-buying-opportunity/>As Chipotle Shares Drop, Is This a Buying Opportunity?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

As Chipotle Shares Drop, Is This a Buying Opportunity?

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Nathan's Famous GAAP EPS of $1.47, revenue of $41.1M

Nathan's Famous ( ($NATH) ) has released its Q2 earnings. Here is a breakdown of the information Nathan's Famous presented to its investors. Nathan...

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The restaurant sector is well-positioned to thrive, driven by high demand for fast food, changing consumer behavior, and digitalization. Therefore, it could be wise to buy sizzling restaurant stocks Domino's Pizza (DPUKY), El Pollo Loco Holdings (LOCO), and Nathan's Famous (NATH) for potential gains. Keep reading... The growing preference for fast, affordable, and easily accessible food options among consumers is transforming the restaurant industry and directing it toward continued growth. Further, the rapid adoption of cutting-edge technologies like AI has created new growth opportunities for the market players.
Considering the industry's tailwinds, fundamentally sound restaurant stocks Domino's Pizza Group plc (<a href="https://stocknews.com/stock/DPUKY/">DPUKY</a>), El Pollo Loco Holdings, Inc. (<a href="https://stocknews.com/stock/LOCO/">LOCO</a>), and Nathan's Famous, Inc. (<a href="https://stocknews.com/stock/NATH/">NATH</a>) could be ideal buys for substantial returns.
As society leans more towards modernization and digitalization, fast-food chains and casual-eating restaurant trends are picking a stronger pace owing to their cost-efficiency and convenience for consumers. Also, as consumers shift towards higher-quality ingredients and healthier eating habits, fast-casual restaurants are becoming more popular.
Therefore, amid strong economic growth, rising consumer spending power, rapid globalization, industrialization, and urbanization, the global fast-casual restaurant market is <a href="https://www.openpr.com/news/3429924/fast-casual-restaurants-market-worth-293-80-billion-by-2030">expected to grow to $293.80 billion by 2030</a>, exhibiting growth at a CAGR of 8.3%.
Moreover, AI is revolutionizing all sectors and industries, and restaurants, and the fast food market is no exception. Artificial Intelligence (AI) enhances customer interactions and operational efficiencies, contributing significantly to the food and beverage market.
The <a href="https://www.mordorintelligence.com/industry-reports/artificial-intelligence-in-food-and-beverages-market">AI in the food &amp; beverages market</a> is estimated at $9.68 billion in 2024 and is projected to reach around $48.99 billion by 2029, expanding at a noteworthy CAGR of 38.3%, driven by consumer demands and increasing dependence of market leaders on advanced technologies.
Given these favorable industry trends, it's time to examine the fundamentals of the three stocks to consider in the <a href="https://stocknews.com/category/restaurants/">Restaurant</a> industry, starting with the third in line.
Stock #3: Domino's Pizza Group plc (<a href="https://stocknews.com/stock/DPUKY/">DPUKY</a>)
Headquartered in Milton Keynes, United Kingdom, DPUKY owns, operates, and franchises Domino's Pizza stores. The company operates stores in the United Kingdom and the Republic of Ireland and leases its stores.
DPUKY's trailing-12-month gross profit margin and EBIT margin of 47.48% and 17.13% are 26.2% and 112.5% higher than the respective industry averages of 37.62% and 8.06%. Further, the stock's trailing 12-month net income margin of 11.44% is significantly higher than the 4.46% industry average.
For the first half that ended June 30, 2024, DPUKY's system sales were £767.70 million ($977.22 million), up marginally year-over-year, and it reported group revenue of £326.80 million ($415.99 million) for the same period. The company's underlying EBITDA grew 0.4% from the prior period to £69 million ($87.83 million).
In addition, the company's underlying profit before tax and <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> came in at £51.30 million ($65.30 million) and £0.11 for the period, respectively.
DPUKY's stock has gained 6.5% over the past month to close the last trading session at $7.82.
DPUKY's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has an A grade for Stability. Within the <a href="https://stocknews.com/category/restaurants/">Restaurant</a> industry, DPUKY is ranked #13 of 41 stocks.
<a href="https://stocknews.com/stock/DPUKY/">Click here</a> to access additional ratings of DPUKY for Momentum, Growth, Value, Sentiment, and Quality.
Stock #2: El Pollo Loco Holdings, Inc. (<a href="https://stocknews.com/stock/LOCO/">LOCO</a>)
LOCO develops, franchises, licenses, and operates quick-service restaurants under the El Pollo Loco brand name. The company operates and franchises restaurants located in California, Nevada, Arizona, Texas, Colorado, Utah, and Louisiana and licenses its brand to restaurants in the Philippines.
LOCO's trailing-12-month EBIT margin of 8.73% is 8.3% higher than the industry average of 8.06%. Also, the stock's trailing 12-month net income margin and levered FCF margin of 5.11% and 5.56% are considerably higher than the industry averages of 4.46% and 4.82%, respectively.
In the third quarter that ended on September 25, 2024, LOCO reported a total revenue of $120.39 million, and its income from operations was $10.14 million. Also, the company's adjusted net income stood at $6.29 million or $0.21 per share for the quarter, respectively.
Furthermore, the company's adjusted EBITDA increased 3% from the year-ago value to $15.45 million.
Analysts expect LOCO's revenue and EPS for the second quarter (ending June 2025) to increase 1.8% and 15.4% year-over-year to $124.36 million and $0.30, respectively. Furthermore, the company topped the consensus revenue and EPS estimates in three of the trailing four quarters.
Shares of LOCO have increased 18.6% over the past six months and 55% over the past year to close the last trading session at $12.88.
LOCO's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
LOCO has a B grade for Value. It is ranked #3 out of 41 stocks in the same industry.
In addition to the POWR Ratings we've stated above, we also have LOCO ratings for Sentiment, Stability, Quality, Growth, and Momentum. Get all LOCO ratings <a href="https://stocknews.com/stock/LOCO/">here</a>.
Stock #1: Nathan's Famous, Inc. (<a href="https://stocknews.com/stock/NATH/">NATH</a>)
NATH operates in the food service industry. The company owns and franchises restaurants under the Nathan's Famous brand name, and sells its products under the Nathan's Famous trademarks through various channels of distribution.
NATH's trailing-12-month EBITDA and net income margins of 25.26% and 15.18% are 121.5% and 240.1% higher than the respective industry averages of 11.41% and 4.46%. Likewise, the stock's trailing-12-month Levered FCF margin of 13.88% is 187.8% higher than the industry average of 4.81%.
During the second quarter that ended September 29, 2024, NATH's total revenues increased 6.1% year-over-year to $41.11 million. Its income from operations grew 5.8% from the year-ago value to $9.63 million. Also, the company's net income came in at $6.03 million and $1.47 per share, up 5.6% and 5% from the prior year's quarter, respectively.
Additionally, the company's adjusted EBITDA rose 5.9% from the prior year period to $10.35 million.
Over the past six months, the stock has surged 30.7% and 33.9% over the past year to close the last trading session at $87.27.
NATH's POWR Ratings reflect its bright prospects. The stock has an overall grade of A, translating to a Strong Buy in our proprietary rating system.
NATH has an A grade for Quality. The stock also has a B grade for Sentiment. It is ranked #2 on the list of 41 stocks within the Restaurant industry.
To see other ratings of NATH for Growth, Momentum, Value, and Stability, <a href="https://stocknews.com/stock/NATH/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
DPUKY shares were unchanged in after-hours trading Thursday. Year-to-date, DPUKY has declined -16.73%, versus a 26.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/dpuky-loco-nath-3-restaurant-stocks-that-are-sizzling-in-the-current-market/>3 Restaurant Stocks That Are Sizzling in the Current Market</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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