FAT Brands Inc., a multi-brand franchising company, acquires, develops, and markets quick-service, fast casual, and casual dining restaurant concepts worldwide. As of March 28, 2021, it owned nine restaurant brands, including Fatburger, Johnny Rockets, Buffalo's Cafe, Buffalo's Express, Ponderosa Steakhouse, Bonanza Steakhouse, Hurricane Grill & Wings, Yalla Mediterranean, and Elevation Burger, as well as franchised approximately 700 locations. The company was incorporated in 2017 and is headquartered in Beverly Hills, California. FAT Brands Inc. operates as a subsidiary of Fog Cutter Holdings, LLC.
IPO Year: 2017
Exchange: NASDAQ
Website: fatbrands.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/26/2023 | $15.00 | Buy | Loop Capital |
New Opening Latest in String of Non-Traditional Growth for FAT Brands' Classic Burger Brand LOS ANGELES, Nov. 19, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Johnny Rockets and 17 other restaurant concepts, announces a new location at the Soaring Eagle Casino & Resort located in Mount Pleasant, MI. Located in a brand-new space in the heart of the casino, Johnny Rockets will serve the classic fare that put the brand on the map over 35 years ago, including juicy, made-to-order burgers, chicken sandwiches, hot dogs, crispy fries and onion rings, and hand-spun shakes and malts. "Johnny Rockets continues to flourish in non-traditional spaces, in par
Major Milestone Before Planned Public Listing of Twin Hospitality Group LOS ANGELES, Nov. 18, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., (NASDAQ:FAT), a leading global franchising company and parent company of 18 iconic brands, is pleased to announce that Twin Hospitality Group Inc., the operating unit for its Twin Peaks and Smokey Bones restaurant brands, has priced the issuance of new notes to refinance its whole business securitization credit facility originated in October 2021. The aggregate principal balance of the new Series 2024-1 fixed rate notes (the "Notes") is $416,711,000 across four tranches, with a weighted average interest rate of 9.5% per annum. T
Beloved Burger Chain Continues to Sizzle in the Lone Star State with Latest San Antonio Area Opening LOS ANGELES, Nov. 14, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. announces the opening of the latest Fatburger and Buffalo's Express location in the greater San Antonio area in New Braunfels, TX. This marks the 10th location in the state of Texas, which continues to be a high-growth area for the California-born burger brand. "Since we first landed in Texas, we have developed a loyal fanbase who seeks us out for our made-to-order burgers and premium toppings," said Jake Berchtold, COO of FAT Brands' Fast Casual Division. "Looking ahead, we are just getting started
Award-Winning Wing Brand Debuts First Theme Park Location LOS ANGELES, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Hurricane Grill & Wings, the award-winning wing chain owned by FAT Brands Inc. is thrilled to announce the opening of a new location at Six Flags Great Escape Lodge, Lake George's premier family resort destination. As the hotel's brand-new, flagship dining option, the restaurant brings a vibrant, laid-back atmosphere with delicious menu offerings to both resort guests and the Lake George regional community. "This opening marks an exciting milestone for Hurricane Grill & Wings—our first theme park location to date," said President and Chief Operating Officer of Hurricane Grill & Wi
Operating Unit Led by Twin Peaks Restaurants Takes Next Step in Becoming Standalone Public Company LOS ANGELES, Nov. 04, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., (NASDAQ:FAT), a leading global franchising company and parent company of 18 iconic brands, is pleased to announce that Twin Hospitality Group Inc., the operating unit for its Twin Peaks and Smokey Bones restaurant brands, has filed a Form 10 Registration Statement with the Securities and Exchange Commission (SEC). The Form 10 contains a preliminary information statement about the planned distribution to FAT Brands' common shareholders of approximately 5% of the Class A Common Stock of Twin Hospitality
Sister Concepts Double Down on Co-Branded Experience LOS ANGELES, Nov. 01, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Great American Cookies, Marble Slab Creamery and 16 other restaurant concepts, announces the launch of a brand new app experience and loyalty program for sister brands Great American Cookies and Marble Slab Creamery – the Great American Cookies and Marble Slab Creamery Rewards App. The Great American Cookies and Marble Slab Creamery Rewards app creates an engaging digital journey to earn points and rewards for fan-favorite treats from the chains, all in one place. From birthday rewards to discounts for point redemption and more,
Conference call and webcast today at 5:00 p.m. ET LOS ANGELES, Oct. 30, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ:FAT) ("FAT Brands" or the "Company") today reported financial results for the fiscal third quarter ended September 29, 2024. Andy Wiederhorn, Chairman of FAT Brands, said, "Over the last three years, we have expanded our brand portfolio to include 18 distinct concepts while our footprint has increased tenfold, now encompassing over 2,300 locations across more than 40 countries and 49 U.S. states or territories. We opened 22 new units during the third quarter, bringing our year-to-date openings to 71 new units and are on track to end the y
LOS ANGELES, Oct. 30, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ:FAT), a leading global franchising company and parent company of iconic brands including Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Twin Peaks, Fazoli's, Smokey Bones and 11 other restaurant concepts, announced today that its Board of Directors has declared the Company's fiscal 2024 fourth quarter cash dividend of $0.14 per share on each outstanding share of Class A common stock and Class B common stock. The dividend is payable on November 29, 2024 to holders of record of Class A common stock and Class B common stock as of the close of business on November 15, 2024. T
LOS ANGELES, Oct. 23, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ:FAT) ("FAT Brands" or the "Company"), a leading global franchising company and parent company of iconic brands including Round Table Pizza, Fatburger, Johnny Rockets, Twin Peaks, Fazoli's and 13 other restaurant concepts, today announced that the Company will host a conference call to review its third quarter 2024 financial results on Wednesday, October 30, 2024 at 5:00 PM ET. A press release with third quarter 2024 financial results will be issued prior to the conference call that day. The conference call can be accessed live over the phone by dialing 1-877-704-4453 from the U.S. or 1-201-
Italian Chain Rolls Out Three-Day Celebration for Beloved Baked Menu Item LOS ANGELES, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Fazoli's, America's favorite fast and fresh Italian chain, is rolling out a hot deal for its most coveted side item - breadsticks! Available on National Breadstick Day, Oct. 25, and running through Oct. 27, guests can score six FREE breadsticks with any purchase at participating locations, in-store or online, with code BREADSTICK6. Since the inception of Fazoli's over 35 years ago, fans have flocked to the beloved chain for its signature breadsticks, which are always fresh and free with the purchase of any entrée. Served piping hot with the perfect balance of butter a
New Opening Latest in String of Non-Traditional Growth for FAT Brands' Classic Burger Brand LOS ANGELES, Nov. 19, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Johnny Rockets and 17 other restaurant concepts, announces a new location at the Soaring Eagle Casino & Resort located in Mount Pleasant, MI. Located in a brand-new space in the heart of the casino, Johnny Rockets will serve the classic fare that put the brand on the map over 35 years ago, including juicy, made-to-order burgers, chicken sandwiches, hot dogs, crispy fries and onion rings, and hand-spun shakes and malts. "Johnny Rockets continues to flourish in non-traditional spaces, in par
Major Milestone Before Planned Public Listing of Twin Hospitality Group LOS ANGELES, Nov. 18, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., (NASDAQ:FAT), a leading global franchising company and parent company of 18 iconic brands, is pleased to announce that Twin Hospitality Group Inc., the operating unit for its Twin Peaks and Smokey Bones restaurant brands, has priced the issuance of new notes to refinance its whole business securitization credit facility originated in October 2021. The aggregate principal balance of the new Series 2024-1 fixed rate notes (the "Notes") is $416,711,000 across four tranches, with a weighted average interest rate of 9.5% per annum. T
Beloved Burger Chain Continues to Sizzle in the Lone Star State with Latest San Antonio Area Opening LOS ANGELES, Nov. 14, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. announces the opening of the latest Fatburger and Buffalo's Express location in the greater San Antonio area in New Braunfels, TX. This marks the 10th location in the state of Texas, which continues to be a high-growth area for the California-born burger brand. "Since we first landed in Texas, we have developed a loyal fanbase who seeks us out for our made-to-order burgers and premium toppings," said Jake Berchtold, COO of FAT Brands' Fast Casual Division. "Looking ahead, we are just getting started
Award-Winning Wing Brand Debuts First Theme Park Location LOS ANGELES, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Hurricane Grill & Wings, the award-winning wing chain owned by FAT Brands Inc. is thrilled to announce the opening of a new location at Six Flags Great Escape Lodge, Lake George's premier family resort destination. As the hotel's brand-new, flagship dining option, the restaurant brings a vibrant, laid-back atmosphere with delicious menu offerings to both resort guests and the Lake George regional community. "This opening marks an exciting milestone for Hurricane Grill & Wings—our first theme park location to date," said President and Chief Operating Officer of Hurricane Grill & Wi
Operating Unit Led by Twin Peaks Restaurants Takes Next Step in Becoming Standalone Public Company LOS ANGELES, Nov. 04, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., (NASDAQ:FAT), a leading global franchising company and parent company of 18 iconic brands, is pleased to announce that Twin Hospitality Group Inc., the operating unit for its Twin Peaks and Smokey Bones restaurant brands, has filed a Form 10 Registration Statement with the Securities and Exchange Commission (SEC). The Form 10 contains a preliminary information statement about the planned distribution to FAT Brands' common shareholders of approximately 5% of the Class A Common Stock of Twin Hospitality
Sister Concepts Double Down on Co-Branded Experience LOS ANGELES, Nov. 01, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Great American Cookies, Marble Slab Creamery and 16 other restaurant concepts, announces the launch of a brand new app experience and loyalty program for sister brands Great American Cookies and Marble Slab Creamery – the Great American Cookies and Marble Slab Creamery Rewards App. The Great American Cookies and Marble Slab Creamery Rewards app creates an engaging digital journey to earn points and rewards for fan-favorite treats from the chains, all in one place. From birthday rewards to discounts for point redemption and more,
Conference call and webcast today at 5:00 p.m. ET LOS ANGELES, Oct. 30, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ:FAT) ("FAT Brands" or the "Company") today reported financial results for the fiscal third quarter ended September 29, 2024. Andy Wiederhorn, Chairman of FAT Brands, said, "Over the last three years, we have expanded our brand portfolio to include 18 distinct concepts while our footprint has increased tenfold, now encompassing over 2,300 locations across more than 40 countries and 49 U.S. states or territories. We opened 22 new units during the third quarter, bringing our year-to-date openings to 71 new units and are on track to end the y
LOS ANGELES, Oct. 30, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ:FAT), a leading global franchising company and parent company of iconic brands including Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Twin Peaks, Fazoli's, Smokey Bones and 11 other restaurant concepts, announced today that its Board of Directors has declared the Company's fiscal 2024 fourth quarter cash dividend of $0.14 per share on each outstanding share of Class A common stock and Class B common stock. The dividend is payable on November 29, 2024 to holders of record of Class A common stock and Class B common stock as of the close of business on November 15, 2024. T
LOS ANGELES, Oct. 23, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ:FAT) ("FAT Brands" or the "Company"), a leading global franchising company and parent company of iconic brands including Round Table Pizza, Fatburger, Johnny Rockets, Twin Peaks, Fazoli's and 13 other restaurant concepts, today announced that the Company will host a conference call to review its third quarter 2024 financial results on Wednesday, October 30, 2024 at 5:00 PM ET. A press release with third quarter 2024 financial results will be issued prior to the conference call that day. The conference call can be accessed live over the phone by dialing 1-877-704-4453 from the U.S. or 1-201-
Italian Chain Rolls Out Three-Day Celebration for Beloved Baked Menu Item LOS ANGELES, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Fazoli's, America's favorite fast and fresh Italian chain, is rolling out a hot deal for its most coveted side item - breadsticks! Available on National Breadstick Day, Oct. 25, and running through Oct. 27, guests can score six FREE breadsticks with any purchase at participating locations, in-store or online, with code BREADSTICK6. Since the inception of Fazoli's over 35 years ago, fans have flocked to the beloved chain for its signature breadsticks, which are always fresh and free with the purchase of any entrée. Served piping hot with the perfect balance of butter a
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15% of Proceeds to Support Foundation, Plus, Active and Retired Military Personnel Enjoy 20% Off Plantation, Fla., July 01, 2024 (GLOBE NEWSWIRE) -- Smokey Bones, owned by FAT (Fresh. Authentic. Tasty.) Brands Inc., continues to join forces with the Robert Irvine Foundation to support our military heroes. On Wednesday, July 3, 2024, the "Masters of Meat" will host a day of giving to support the Robert Irvine Foundation by donating 15% of proceeds from restaurant purchases. This initiative furthers Smokey Bones' partnership and commitment to the Robert Irvine Foundation and its mission of providing programs and support for military personnel, veterans, first responders, and their fami
Win a Family Visit to Space Camp® and Savor a Limited-Time Space Week Special LOS ANGELES, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Calling all aspiring astronauts and interstellar enthusiasts! Space Week is blasting off with a partnership from Johnny Rockets, the timeless, all-American burger brand, and STARRY®, the crisp, clear, refreshing, lemon-lime flavored soda from PepsiCo. From Oct. 4 through Oct. 10, Johnny Rockets and STARRY are offering guests the opportunity to win a visit to the U.S. Space and Rocket Center®'s Space Camp® for a family of four, ages 7 and older, and enjoy a cosmically delicious World Space Week Meal at participating locations. To enter, simply visit bit.ly/J
LOS ANGELES, Sept. 28, 2023 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. announces the appointment of two new Directors to its Board, James G. Ellis and John M. Allen. With the additions, the Board size will increase from 12 to 14. Mr. Ellis and Mr. Allen will serve as independent directors, with Mr. Ellis also joining the Audit Committee of the Board. Mr. Ellis served as the Dean of the Marshall School of Business at the University of Southern California from 2007 until June 2019. Prior to his appointment as Dean in April 2007, Mr. Ellis was the Vice Provost, Globalization, for USC and prior to that was Vice Dean, External Relations. Mr. Ellis was also a professor in th
LOS ANGELES, Aug. 03, 2023 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. announces the appointment of three new Directors to its board, Peter R. Feinstein, Matthew H. Green and John C. Metz. With the additions, the Board size will increase to 12. Mr. Feinstein and Mr. Green will serve as independent directors in addition to being appointed to the Audit Committee of the Board. Mr. Feinstein is an experienced operator of restaurant and entertainment properties, including SHAC, LLC, Fatburger franchises, Sugar Factory, El Dorado Cantina and Country Star Restaurants. He is also a retired certified public accountant, having served in senior management and audit roles with Kenn
Veteran Restaurant Executive Will Assume New Position as Outside Consultant and Strategic Advisor LOS ANGELES, March 06, 2023 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. announces that its founder and CEO, Andy Wiederhorn, will transition to a new role as an outside consultant and strategic advisor to the Company effective May 5, 2023. Mr. Wiederhorn will remain a FAT Brands Board member and his family office, Fog Cutter Holdings LLC, will continue as the controlling shareholder of FAT Brands. The appointment of an interim CEO will be announced prior to the transition date, and Mr. Wiederhorn will continue as CEO until then. In his strategic advisory role, Mr. Wied
- Bernard Wang Appointed as Chief Financial Officer, Effective August 8, 2022 - - Benjamin Rose Appointed to Board of Directors, Effective August 1, 2022 - - Key Additions Strengthen Leadership Team - AMITYVILLE, N.Y., Aug. 05, 2022 (GLOBE NEWSWIRE) -- The Greenrose Holding Company Inc. (OTC:GNRS, GNRSW))) ("Greenrose" or the "Company"), a multi-state grower and producer of cannabis brands and products, is announcing two new appointments to its executive team and board of directors, effective August 2022. Bernard Wang has been appointed as the Company's new chief financial officer, effective August 8, 2022, and Benjamin Rose has been appointed to the Company's board of directors, effe
LOS ANGELES, July 13, 2022 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. announces the elevation of James C. Neuhauser as Executive Chairman of the Board of Directors. Mr. Neuhauser has been an independent director on the FAT Brands Board since its inception in 2017. Mr. Neuhauser, a veteran financial executive with over 30 years of experience in financial and strategic planning and investment banking, will oversee FAT Brands' accounting and legal departments and focus on the Company's public traded equities and relationship with investors. Mr. Neuhauser was formerly a Senior Managing Director in the Private Capital Markets Group of Stifel Nicolas & Company, and before th
Loop Capital initiated coverage of FAT Brands with a rating of Buy and set a new price target of $15.00
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The Justice Department has charged Fat Brands Inc (NASDAQ:FAT) and its chair Andrew Wiederhorn, alleging a scheme to conceal $47 million in distributions he received in the form of shareholder loans from the IRS, FAT's minority shareholders, and the broader investing public. Wiederhorn, the former CEO and current controlling shareholder of Fat Brands is expected to be arraigned this afternoon in U.S. District Court in downtown Los Angeles. “This defendant, the former CEO of a publicly traded company, is alleged to have engaged in a long-running scheme to defraud investors and the United States Treasury to the tune of millions of dollars,” said U.S. Attorney Martin Estrada. Separate
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Today Brian Hennigan of Hueston Hennigan LLP, Counsel for FAT Brands Inc., issued the following statement: "Today FAT Brands was informed that it has been indicted on two violations of SOX 402 for arranging approximately $2.65 million in loans to Andy Wiederhorn.These charges are unprecedented, unwarranted, unsubstantiated, and unjust. They are based on conduct that ended over three years ago and ignore the Company's cooperation with the investigation. FAT Brands will take all necessary action to defend itself, while seeking a just resolution to these charges. Since becoming a public company, FAT Brands has grown to at a remarkable pace to encompass 18 brands with $2.5 billion in global sale
https://www.cnbc.com/2024/05/10/fat-brands-chair-andy-wiederhorn-indicted-in-47-million-loan-scheme.html#:~:text=Fat%20Brands%20and%20its%20chair,Exchange%20Commission%20was%20investigating%20him. Fat Brands and its chair Andy Wiederhorn were indicted for a "sham" loan scheme that netted him $47 million.Wiederhorn, 58, stepped down as CEO last year following the company's disclosure that the Securities and Exchange Commission was investigating him.Fat Brands' portfolio includes Fatburger, Johnny Rockets and Twin Peaks. Federal authorities on Friday charged Fat Brands and its chair Andy Wiederhorn of committing a brazen scheme that netted him $47 million in bogus loans from the restaurant co
Hurricane Grill & Wings to debut at Six Flags Great Escape LodgeLOS ANGELES, May 02, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Hurricane Grill & Wings and 17 other restaurant concepts, announces their latest brand to enter the legendary Six Flags properties. Hurricane Grill & Wings, the Florida-born wing brand known for its laid-back environment and award-winning wings, will debut at Six Flags Great Escape Lodge in Queensbury, New York this summer.The latest opening underscores FAT Brands and Six Flags' dynamic partnership and the global franchising company's commitment to growth in non-traditional venues. The new Hurricane Grill & Wings will expa
FAT Brands (NASDAQ:FAT) reported quarterly losses of $(2.05) per share which missed the analyst consensus estimate of $(1.15) by 78.26 percent. This is a 33.99 percent decrease over losses of $(1.53) per share from the same period last year. The company reported quarterly sales of $151.967 million which missed the analyst consensus estimate of $157.675 million by 3.62 percent. This is a 43.78 percent increase over sales of $105.691 million the same period last year.