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

FAT Brands (NASDAQ:FAT) announced its quarterly earnings results on Thursday. The company reported ($4.06) EPS for the quarter, missing the consensus estimate of ($2.68) by ($1.38), Zacks reports. The company had revenue of $145.28 million during the quarter, compared to analyst estimates of $157.45 million.

FAT Brands Price Performance

Shares of FAT traded down $0.14 during trading hours on Friday, hitting $3.29. The stock had a trading volume of 53,811 shares, compared to its average volume of 69,118. The stock has a market capitalization of $56.28 million, a price-to-earnings ratio of -0.36 and a beta of 1.82. The company’s fifty day moving average is $4.67 and its two-hundred day moving average is $5.00. FAT Brands has a 52 week low of $3.27 and a 52 week high of $9.13.

About FAT Brands

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.