FAT Brands (NASDAQ:FAT) Given “Sell (E+)” Rating at Weiss Ratings

FAT Brands (NASDAQ:FAT)‘s stock had its “sell (e+)” rating reiterated by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Zacks Research upgraded FAT Brands from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.00.

FAT Brands Trading Up 1.0%

Shares of FAT stock opened at $2.08 on Wednesday. FAT Brands has a twelve month low of $1.75 and a twelve month high of $6.17. The stock has a market capitalization of $37.21 million, a price-to-earnings ratio of -0.16 and a beta of 1.21. The stock has a fifty day simple moving average of $1.96 and a two-hundred day simple moving average of $2.33.

FAT Brands (NASDAQ:FAT) last issued its earnings results on Thursday, July 31st. The company reported ($3.17) earnings per share for the quarter, missing the consensus estimate of ($2.56) by ($0.61). The business had revenue of $146.84 million during the quarter, compared to analyst estimates of $146.60 million. Research analysts predict that FAT Brands will post -10.23 EPS for the current fiscal year.

About FAT Brands

FAT Brands Inc, a multi-brand restaurant franchising company, acquires, develops, markets, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts worldwide. It owns restaurant brands, including Round Table Pizza, Marble Slab Creamery, Great American Cookies, Hot Dog on a Stick, Pretzelmaker, Fazoli's, Fatburger, Johnny Rockets, Elevation Burger, Yalla Mediterranean, Buffalo's Cafe and Buffalo's Express, Hurricane Grill & Wings, Ponderosa Steakhouse/Bonanza Steakhouse, Native Grill & Wings, Smokey Bones, and Twin Peaks.