Noble Financial analyst Joe Gomes maintained a Buy rating on Fat Brands (FAT – Research Report) today and set a price target of $25.00. The company’s shares closed yesterday at $7.42.
Gomes covers the Services sector, focusing on stocks such as RCI Hospitality Holdings, DLH Holdings, and Fat Brands. According to TipRanks, Gomes has an average return of 4.4% and a 42.11% success rate on recommended stocks.
Currently, the analyst consensus on Fat Brands is a Moderate Buy with an average price target of $25.00.
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FAT market cap is currently $122M and has a P/E ratio of -1.56.
Based on the recent corporate insider activity of 27 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.
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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.
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