In a report released today, Joe Gomes from Noble Financial maintained a Buy rating on Fat Brands (FAT – Research Report), with a price target of $25.00. The company’s shares closed yesterday at $5.46.
Gomes covers the Services sector, focusing on stocks such as Fat Brands, CoreCivic, and RCI Hospitality Holdings. According to TipRanks, Gomes has an average return of 0.1% and a 36.83% 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 $90.5M and has a P/E ratio of -0.71.
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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.
Read More on FAT:
- FAT Brands Announces Ken Kuick and Rob Rosen as Co-CEOs
- Fat Brands appoints Ken Kuick and Rob Rosen as co-CEOs
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- Pretzelmaker® Celebrates National Pretzel Day with Free Pretzel Bites
- Fat Brands announces Johnny Rockets at Kempegowda International Airport
