FAT Brands (FAT) to Release Quarterly Earnings on Wednesday

FAT Brands (NASDAQ:FAT - Get Free Report) will issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of ($1.88) per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

FAT Brands (NASDAQ:FAT - Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported ($2.43) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.00) by ($0.43). The company had revenue of $152.04 million for the quarter, compared to the consensus estimate of $156.35 million. During the same period in the previous year, the company earned ($0.53) EPS. On average, analysts expect FAT Brands to post $-8 EPS for the current fiscal year and $-7 EPS for the next fiscal year.

FAT Brands Trading Up 0.2 %

FAT traded up $0.01 during midday trading on Thursday, hitting $5.11. 11,836 shares of the company were exchanged, compared to its average volume of 24,295. The company's 50 day simple moving average is $4.98 and its 200 day simple moving average is $5.52. The firm has a market capitalization of $80.39 million, a price-to-earnings ratio of -0.84 and a beta of 1.82. FAT Brands has a 1-year low of $4.51 and a 1-year high of $9.48.

Insider Buying and Selling

In other news, Director Mark Elenowitz purchased 6,200 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average cost of $11.00 per share, with a total value of $68,200.00. Following the completion of the acquisition, the director now owns 9,200 shares of the company's stock, valued at approximately $101,200. This represents a 200.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 9,564 shares of company stock valued at $97,897 over the last ninety days. Company insiders own 11.84% of the company's stock.

About FAT Brands

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.