FAT Brands (FAT) Scheduled to Post Quarterly Earnings on Wednesday

FAT Brands (NASDAQ:FAT) is set to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of ($1.88) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

FAT Brands (NASDAQ:FAT) last posted its earnings results on Wednesday, July 31st. The company reported ($2.43) EPS for the quarter, missing the consensus estimate of ($2.00) by ($0.43). The business had revenue of $152.04 million for the quarter, compared to analysts’ expectations of $156.35 million. During the same period last year, the business 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 Trading Up 2.5 %

FAT opened at $5.40 on Tuesday. The business’s 50 day moving average is $4.98 and its 200-day moving average is $5.46. The stock has a market cap of $84.95 million, a PE ratio of -0.88 and a beta of 1.81. 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 FAT Brands news, Director Mark Elenowitz purchased 6,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was bought at an average price of $11.00 per share, with a total value of $68,200.00. Following the completion of the purchase, the director now owns 9,200 shares in the company, valued at $101,200. This trade represents a 200.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 9,564 shares of company stock valued at $97,897 in the last quarter. Corporate insiders own 11.84% of the company’s stock.

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.