FAT Brands (NASDAQ:FAT) Releases Quarterly Earnings Results, Misses Estimates By $1.38 EPS

FAT Brands (NASDAQ:FAT - Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($4.06) EPS for the quarter, missing the consensus estimate of ($2.68) by ($1.38), Zacks reports. The firm had revenue of $145.28 million for the quarter, compared to analyst estimates of $157.45 million.

FAT Brands Stock Down 2.2 %

FAT stock traded down $0.07 during trading on Wednesday, hitting $3.15. 42,815 shares of the company's stock traded hands, compared to its average volume of 66,934. The stock has a market capitalization of $53.89 million, a price-to-earnings ratio of -0.34 and a beta of 1.82. FAT Brands has a 52 week low of $3.05 and a 52 week high of $8.50. The stock has a fifty day moving average price of $4.59 and a two-hundred day moving average price of $4.97.

Analyst Upgrades and Downgrades

Separately, Loop Capital decreased their target price on FAT Brands from $15.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday.

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.