Loop Capital initiated coverage on FAT Brands with a new price target
$FAT
Restaurants
Consumer Discretionary
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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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/26/2023 | $15.00 | Buy | Loop Capital |
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
Gainers Sweetgreen (NYSE:SG) shares rose 35.7% to $31.98 during Friday's regular session. The company's market cap stands at $3.6 billion. The company's, Q1 earnings came out yesterday. Groupon (NASDAQ:GRPN) stock rose 28.76% to $13.52. The company's market cap stands at $528.5 million. As per the news, the Q1 earnings report came out yesterday. Rent the Runway (NASDAQ:RENT) shares moved upwards by 23.32% to $16.76. The company's market cap stands at $61.5 million. Dixie Gr (NASDAQ:DXYN) stock rose 22.99% to $0.83. The market value of their outstanding shares is at $13.1 million. Visionary Holdings (NASDAQ:GV) shares rose 17.02% to $0.37. The company's market cap stands at $19.2 million
Loop Capital initiated coverage of FAT Brands with a rating of Buy and set a new price target of $15.00
SC 13D/A - Fat Brands, Inc (0001705012) (Subject)
SC 13G - Fat Brands, Inc (0001705012) (Subject)
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
4 - Fat Brands, Inc (0001705012) (Issuer)
4 - Fat Brands, Inc (0001705012) (Issuer)
4 - Fat Brands, Inc (0001705012) (Issuer)
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
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
8-K - Fat Brands, Inc (0001705012) (Filer)
8-K - Fat Brands, Inc (0001705012) (Filer)
8-K - Fat Brands, Inc (0001705012) (Filer)