FAT Brands (NASDAQ:FAT) Price Target Cut to $12.00 by Analysts at Loop Capital

FAT Brands (NASDAQ:FAT) had its price objective trimmed by Loop Capital from $15.00 to $12.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

FAT Brands Stock Down 3.9 %

Shares of NASDAQ:FAT opened at $3.22 on Tuesday. FAT Brands has a 12 month low of $3.05 and a 12 month high of $8.72. The company’s 50-day moving average price is $4.63 and its two-hundred day moving average price is $4.98. The firm has a market cap of $55.08 million, a P/E ratio of -0.35 and a beta of 1.82.

FAT Brands (NASDAQ:FAT) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($4.06) EPS for the quarter, missing analysts’ consensus estimates of ($2.68) by ($1.38). The business had revenue of $145.28 million for the quarter, compared to analysts’ expectations of $157.45 million. As a group, equities analysts predict that FAT Brands will post -10.23 earnings per share for the current fiscal year.

Institutional Trading of FAT Brands

A hedge fund recently bought a new stake in FAT Brands stock. FNY Investment Advisers LLC bought a new position in shares of FAT Brands Inc. (NASDAQ:FAT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 16,069 shares of the company’s stock, valued at approximately $85,000. FNY Investment Advisers LLC owned 0.09% of FAT Brands as of its most recent filing with the SEC. 6.90% of the stock is currently owned by hedge funds and other institutional investors.

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.