Movers and SHAKERS
FAT Brands Inc. (FAT)
Acquiring Twin Peaks for $300 Million
FAT Brands Inc is a multi-brand restaurant franchising company. It develops, markets, and acquires predominantly fast casual restaurant concepts. The company provides turkey burgers, chicken Sandwiches, chicken tenders, burgers, ribs, wrap sandwiches, and others. Its brand portfolio comprises Fatburger, Buffalo's Cafe and Express, and Ponderosa and Bonanza. The company's overall footprint covers nearly 32 countries. Fatburger generates maximum revenue for the company.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Another Acquisition. Yesterday, FAT Brands announced it had entered into an agreement to purchase Twin Peaks, a chain of sports lodges known for scratch-made food and signature 29° draft beers. Twin Peaks expands FAT Brands market presence into sports and polished casual dining.
Terms of the Deal. FAT Brands is paying $300 million for the acquisition including $250 million of cash and $50 million of the Company's Series B preferred stock. The cash portion will be funded through an expansion of the whole business securitization. The transaction is expected to close by the end of September 2021 ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.