FAT Brands (NASDAQ:FAT) Posts Earnings Results, Misses Expectations By $1.38 EPS

FAT Brands (NASDAQ:FAT) issued its earnings results on Thursday. The company reported ($4.06) earnings per share for the quarter, missing the consensus estimate of ($2.68) by ($1.38), Zacks reports. The company had revenue of $145.28 million for the quarter, compared to analysts’ expectations of $157.45 million.

FAT Brands Price Performance

Shares of FAT traded down $0.14 during midday trading on Friday, reaching $3.29. The stock had a trading volume of 53,811 shares, compared to its average volume of 69,118. The company has a market cap of $56.28 million, a price-to-earnings ratio of -0.36 and a beta of 1.82. The company’s fifty day simple moving average is $4.67 and its two-hundred day simple moving average is $5.00. FAT Brands has a 1-year low of $3.27 and a 1-year high of $9.13.

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.