Loop Capital Issues Pessimistic Forecast for FAT Brands (NASDAQ:FAT) Stock Price

FAT Brands (NASDAQ:FAT) had its price objective dropped by investment analysts at Loop Capital from $15.00 to $12.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Loop Capital’s price target would suggest a potential upside of 272.67% from the stock’s previous close.

FAT Brands Stock Performance

Shares of FAT Brands stock traded down $0.13 during trading on Tuesday, hitting $3.22. The company’s stock had a trading volume of 49,526 shares, compared to its average volume of 67,521. FAT Brands has a 52 week low of $3.05 and a 52 week high of $8.72. The company has a fifty day simple moving average of $4.63 and a two-hundred day simple moving average of $4.98. The company has a market capitalization of $55.08 million, a PE ratio of -0.35 and a beta of 1.82.

FAT Brands (NASDAQ:FAT) last announced its earnings results on Thursday, February 27th. The company reported ($4.06) earnings per share 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 analyst estimates of $157.45 million. As a group, analysts predict that FAT Brands will post -10.23 EPS for the current year.

Institutional Investors Weigh In On FAT Brands

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

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.