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

FAT Brands (NASDAQ:FAT) posted its quarterly earnings data on Thursday. The company reported ($4.06) EPS for the quarter, missing the consensus estimate of ($2.68) by ($1.38), Zacks reports. The firm had revenue of $145.28 million during the quarter, compared to analysts’ expectations of $157.45 million.

FAT Brands Price Performance

Shares of NASDAQ:FAT traded down $0.14 during midday trading on Friday, hitting $3.29. The company 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. FAT Brands has a 12-month low of $3.27 and a 12-month high of $9.13. The company has a fifty day moving average of $4.67 and a two-hundred day moving average of $5.00.

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.