Nathan's Famous stock nears its USD 102 merger payout

Published on 10/07/2026 at 06:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nathan's Famous stock is tied to a USD 102.00 cash offer, with a shareholder vote set for October 23, 2026. Fiscal Q1 2027 revenue reached USD 54.062 million, up 15.03 percent year over year.

NATH, US6323471002, Illustration mit AI erstellt.

Nathan's Famous stock (ISIN US6323471002) was last at USD 101.84 on Nasdaq on October 6, 2026 at 4:00 p.m. ET, a daily gain of 0.32 percent. The share price sits USD 0.16 below the USD 102.00 cash consideration in the proposed Smithfield Foods merger, making the shareholder vote the central issue for NATH.

Merger vote sets the timetable

According to StockTitan in the definitive proxy statement dated September 24, 2026, Nathan's stockholders will vote on October 23, 2026, on the merger with Smithfield Foods. If approved and completed, eligible holders will receive USD 102.00 in cash for each share, and Nathan's will become a wholly owned subsidiary of Smithfield.

The filing names 4,097,661 shares outstanding and entitled to vote as of September 22, 2026. Directors and executive officers held 1,290,708 shares, representing 31.0 percent of the outstanding stock, and the board recommends voting for the merger proposal.

Revenue rises as profit softens

The operating picture is more mixed than the merger spread suggests. Makkler reported that fiscal Q1 2027 revenue for the thirteen weeks ended June 28, 2026, reached USD 54.062 million, compared with USD 46.998 million a year earlier, a 15.03 percent increase.

According to Canli Capital, fiscal Q1 2027 net income was USD 8.829 million, versus USD 8.928 million in fiscal Q1 2026, a decline of 1.11 percent. Operating income was USD 12.668 million, compared with USD 12.791 million in the prior-year quarter.

Stock remains near the cash offer

NATH's market capitalization was USD 417.3 million on October 6, 2026, while the 52-week range was USD 88.67 to USD 111.39. The session volume was 28,257 shares, against an average volume of 27,533 shares, keeping the trading signal modest beside the fixed merger consideration.

The USD 102.00 offer is the key valuation reference until the October 23 vote. The latest price leaves a USD 0.16 spread to that consideration, while approval requires a majority of the outstanding shares entitled to vote.

USD 101.84 last price on Nasdaq

Nathan's Famous stock was last at USD 101.84 on Nasdaq on October 6, 2026 at 4:00 p.m. ET. The proposed USD 102.00 cash payment and the October 23, 2026 vote define the next decisive checkpoints.