FAT Brands (NASDAQ:FAT - Get Free Report) had its target price decreased by equities researchers at Loop Capital from $15.00 to $12.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Loop Capital's price target would suggest a potential upside of 226.09% from the company's current price.
FAT Brands Trading Up 15.0 %
Shares of FAT stock traded up $0.48 on Tuesday, hitting $3.68. The stock had a trading volume of 158,426 shares, compared to its average volume of 67,971. The firm has a market cap of $62.95 million, a P/E ratio of -0.40 and a beta of 1.82. FAT Brands has a twelve month low of $3.05 and a twelve month high of $8.46. The company has a fifty day moving average price of $4.50 and a two-hundred day moving average price of $4.94.
FAT Brands (NASDAQ:FAT - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported ($4.06) earnings per share for the quarter, missing analysts' consensus estimates of ($2.68) by ($1.38). The company had revenue of $145.28 million for the quarter, compared to analysts' expectations of $157.45 million. On average, analysts expect that FAT Brands will post -10.23 earnings per share for the current year.
Institutional Investors Weigh In On FAT Brands
An institutional investor recently bought a new position in FAT Brands stock. FNY Investment Advisers LLC bought a new stake in FAT Brands Inc. (NASDAQ:FAT - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 16,069 shares of the company's stock, valued at approximately $85,000. FNY Investment Advisers LLC owned 0.09% of FAT Brands as of its most recent filing with the SEC. Hedge funds and other institutional investors own 6.90% of the company's stock.
FAT Brands Company Profile
(
Get Free Report)
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.
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