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 $5.51.
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 0.7% and a 37.84% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fat Brands with a $25.00 average price target.
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FAT market cap is currently $89.76M and has a P/E ratio of -0.72.
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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.
