FAT Brands (FAT) to Release Quarterly Earnings on Wednesday

FAT Brands (NASDAQ:FAT) is scheduled to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect FAT Brands to post earnings of ($1.88) per share for the quarter.

FAT Brands (NASDAQ:FAT) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($2.43) EPS for the quarter, missing analysts’ consensus estimates of ($2.00) by ($0.43). The business had revenue of $152.04 million during the quarter, compared to analyst estimates of $156.35 million. During the same period last year, the firm posted ($0.53) EPS. On average, analysts expect FAT Brands to post $-8 EPS for the current fiscal year and $-7 EPS for the next fiscal year.

FAT Brands Stock Up 0.2 %

FAT stock opened at $5.10 on Thursday. The business’s 50-day moving average price is $4.98 and its 200-day moving average price is $5.52. The stock has a market cap of $80.23 million, a P/E ratio of -0.83 and a beta of 1.82. FAT Brands has a twelve month low of $4.51 and a twelve month high of $9.48.

Insider Buying and Selling at FAT Brands

In other news, Director Mark Elenowitz acquired 6,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were purchased at an average cost of $11.00 per share, for a total transaction of $68,200.00. Following the transaction, the director now directly owns 9,200 shares of the company’s stock, valued at approximately $101,200. This trade represents a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought 9,564 shares of company stock valued at $97,897 over the last 90 days. 11.84% of the stock is currently owned by corporate insiders.

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.