Movers and SHAKERS
FAT Brands Inc. (FAT)
FAT Brands: Multi-brand Franchisor with Multiple Growth Avenues
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.
We are Initiating Coverage on this Company.
Initiating Coverage. We are initiating coverage of FAT Brands Inc. Our rating is based on the current unknown impacts of the economic crisis on the restaurant industry and the Company in particular. However, we look favorably upon the Company's management team, its past success in turning around acquired brands, growth potential, the Company's M&A strategy, and solid existing financial position.
Company Overview. FAT Brands is a franchisor of various restaurant concepts. At the end of 2019, the Company's franchisees operated 374 locations under seven different banners across four continents and 31 countries. System-wide revenues were $394 million in 2019. FAT generates revenues through one time franchise fees as well as ongoing royalty payments. The Company's asset...
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.