Streetbeat News

FAT

FAT Brands Inc.

https://www.fatbrands.com

Industry

Restaurants

FAT Brands Inc., a multi-brand franchising company, acquires, develops, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts worldwide. As of August 22, 2022, it owned seventeen restaurant brands, including Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli's, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo's Cafe and Buffalo's Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean, and Ponderosa Steakhouse/Bonanza Steakhouse, as well as franchises and owns approximately 2,300 locations. The company was incorporated in 2017 and is headquartered in Beverly Hills, California. FAT Brands Inc. operates as a subsidiary of Fog Cutter Holdings, LLC.

Open

5.34

Mkt cap

89M

Volume

23K

High

5.38

P/E Ratio

-0.57

52-wk high

9.47

Low

5.20

Div yield

0.11

52-wk low

4.51

FAT Brands has announced the refinancing of the Twin Peaks credit facility, marking a significant step before the planned public listing of Twin Hospitality Group.

Portfolio Pulse from

November 18, 2024 | 11:15 am

Portfolio Pulse from

November 14, 2024 | 4:00 pm

Hurricane Grill & Wings, owned by FAT Brands Inc., has opened a new location at Six Flags Great Escape Lodge, marking its first theme park location. This expansion could enhance FAT Brands' visibility and revenue streams.

Portfolio Pulse from

November 07, 2024 | 2:15 pm

FAT Brands reported Q3 losses of $(2.34) per share, missing the $(1.37) estimate, and sales of $143.37M, missing the $156.00M estimate. Despite a 31.09% increase in sales from last year, the results were below expectations.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 9:00 pm

FAT Brands reported Q3 2024 earnings with an adjusted EPS of $(2.34), missing the estimate of $(1.37). Sales were $143.40M, below the expected $156.00M, but up 31.12% from last year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:54 pm

FAT Brands (NASDAQ:FAT) is set to release its quarterly earnings report on October 30, 2024. Analysts expect an EPS of $-1.37. Investors are keen on the earnings and future guidance, as past performance showed mixed results with a recent 3.81% share price increase despite an EPS miss.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 9:02 pm

Insider trades reveal significant purchases in Coupang, V.F. Corporation, and FAT Brands, indicating potential confidence in these companies. Coupang's director bought $6.9M worth of shares after a profitable quarter, V.F. Corporation's director invested $250,500 following strong financial results, and FAT Brands' director acquired shares despite recent downbeat results.

Portfolio Pulse from Avi Kapoor

August 26, 2024 | 12:47 pm

FAT Brands (NASDAQ:FAT) reported Q2 2024 adjusted EPS of $(1.93), missing the $(1.45) estimate by 33.1%. Sales were $152.040M, missing the $154.475M estimate by 1.58%, but up 42.41% from last year's $106.764M.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:03 pm

Fat Brands Inc (NASDAQ:FAT) and its chair Andrew Wiederhorn have been charged by the Justice Department for concealing $47 million in distributions as shareholder loans, evading taxes, and defrauding investors. The charges include wire fraud, tax evasion, and breaches of the Sarbanes-Oxley Act. The SEC has also filed a civil enforcement action against Wiederhorn, FAT's former CFO, and another executive. FAT Brands' stock has plummeted 23.3% in response to these allegations.

Portfolio Pulse from Shivani Kumaresan

May 10, 2024 | 6:49 pm

The article reports on significant intraday movements in 12 consumer discretionary stocks, highlighting both gainers and losers. Notable gainers include Sweetgreen with a 35.7% increase following their Q1 earnings report, and Groupon, up 28.76% also after Q1 earnings. Among the losers, FAT Brands saw a significant drop of 26.1% and 22.04% in its two tickers, while Savers Value Village declined by 19.51% post-Q1 earnings. The movements reflect market reactions to recent earnings reports and other undisclosed factors.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 4:31 pm

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