Fat Brands (FAT – Research Report) received a Buy rating and a $15.00 price target from Loop Capital Markets analyst Alton Stump today. The company’s shares closed yesterday at $6.85.
According to TipRanks, Stump is a 4-star analyst with an average return of 10.0% and a 66.67% success rate. Stump covers the Consumer Cyclical sector, focusing on stocks such as Domino’s Pizza, Jack In The Box, and Papa John’s International.
Currently, the analyst consensus on Fat Brands is a Moderate Buy with an average price target of $20.00, implying a 191.97% upside from current levels. In a report released on July 17, Noble Financial also maintained a Buy rating on the stock with a $25.00 price target.
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The company has a one-year high of $9.30 and a one-year low of $4.55. Currently, Fat Brands has an average volume of 27.59K.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FAT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
FAT Brands, Inc. operates as a global franchising company that acquires, markets and develops fast casual and casual dining restaurant concepts around the world. Its brands include Yalla Mediterranean, Buffalo’s Cafe & Express, Ponderosa Steakhouse and Bonanza, Fatburger, Hurricane Grill & Wings, Bonanza Steak & BBQ, and Hurricane BTW. The company was founded by Andrew A. Wiederhorn on March 21, 2017 and is headquartered in Beverly Hills, CA.
Read More on FAT:
- Fatburger Rides into Six Flags Fiesta Texas
- Fat Brands opens Fatburger at Six Flags Fiesta Texas
- Pretzelmaker opens second drive-thru location in Cedar Rapids, Iowa
- Game on! Fatburger Launches Ultimate Gamer Meal and Giveaway for National Video Game Day
- Cue the Sprinkles! Marble Slab Creamery Offers Sweet Surprises for 40th Birthday and National Ice Cream Month
