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 $7.79.
According to TipRanks, Gomes is a 4-star analyst with an average return of 5.5% and a 44.80% success rate. Gomes covers the Services sector, focusing on stocks such as RCI Hospitality Holdings, DLH Holdings, and Fat Brands.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fat Brands with a $25.00 average price target.
See today’s best-performing stocks on TipRanks >>
Based on Fat Brands’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $103.22 million and a GAAP net loss of $23.44 million. In comparison, last year the company earned a revenue of $74.19 million and had a GAAP net loss of $19.6 million
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:
- FAT Brands Inc. Founder Andy Wiederhorn to Step Aside as CEO and Transition to Strategic Advisory Role in May 2023
- Fat Brands announces grand opening of Fazoli’s in Phoenix Airport
- Great American Cookies opens location in Arizona
- Great American Cookies Continues to Spread Sweetness Across U.S. with Latest Arizona Opening
- FAT BRANDS INC. REPORTS FOURTH QUARTER AND FULL YEAR 2022 FINANCIAL RESULTS
