Loop Capital Cuts FAT Brands (NASDAQ:FAT) Price Target to $10.00

FAT Brands (NASDAQ:FAT - Get Free Report) had its price objective lowered by analysts at Loop Capital from $12.00 to $10.00 in a report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. Loop Capital's price objective would indicate a potential upside of 273.97% from the company's current price.

FAT Brands Trading Up 2.5%

NASDAQ FAT traded up $0.06 during trading on Monday, reaching $2.67. The company's stock had a trading volume of 3,095 shares, compared to its average volume of 32,930. The business has a 50-day moving average price of $2.75 and a 200-day moving average price of $4.17. FAT Brands has a 1-year low of $2.22 and a 1-year high of $6.17. The stock has a market capitalization of $47.58 million, a PE ratio of -0.28 and a beta of 1.42.

FAT Brands (NASDAQ:FAT - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($2.73) earnings per share for the quarter, missing the consensus estimate of ($2.40) by ($0.33). The business had revenue of $142.02 million during the quarter, compared to the consensus estimate of $148.55 million. As a group, analysts expect that FAT Brands will post -10.23 earnings per share for the current year.

Institutional Trading of FAT Brands

A hedge fund recently raised its stake in FAT Brands stock. Northern Trust Corp lifted its holdings in FAT Brands Inc. (NASDAQ:FAT - Free Report) by 63.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,751 shares of the company's stock after purchasing an additional 12,287 shares during the period. Northern Trust Corp owned 0.19% of FAT Brands worth $169,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 6.90% of the company's stock.

FAT Brands Company Profile

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.