FAT Brands (NASDAQ:FAT) Announces Earnings Results

FAT Brands (NASDAQ:FAT) released its quarterly earnings results on Wednesday. The company reported ($2.67) earnings per share for the quarter, missing the consensus estimate of ($2.43) by ($0.24), FiscalAI reports. The company had revenue of $140.01 million during the quarter, compared to analyst estimates of $144.90 million.

FAT Brands Stock Down 2.7%

FAT traded down $0.04 during trading on Friday, reaching $1.46. 70,426 shares of the company were exchanged, compared to its average volume of 57,773. The company has a market cap of $26.12 million, a price-to-earnings ratio of -0.11 and a beta of 1.20. FAT Brands has a 12-month low of $1.40 and a 12-month high of $6.17. The company’s 50-day moving average is $1.92 and its two-hundred day moving average is $2.22.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FAT. Zacks Research raised shares of FAT Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FAT Brands in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.00.

FAT Brands Company Profile

FAT Brands Inc, a multi-brand restaurant franchising company, acquires, develops, markets, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts worldwide. It owns restaurant brands, including Round Table Pizza, Marble Slab Creamery, Great American Cookies, Hot Dog on a Stick, Pretzelmaker, Fazoli's, Fatburger, Johnny Rockets, Elevation Burger, Yalla Mediterranean, Buffalo's Cafe and Buffalo's Express, Hurricane Grill & Wings, Ponderosa Steakhouse/Bonanza Steakhouse, Native Grill & Wings, Smokey Bones, and Twin Peaks.