Noble Financial analyst Joe Gomes maintained a Buy rating on Fat Brands (FAT) today and set a price target of $10.00. The company’s shares closed last Friday at $7.89.
According to TipRanks.com, Gomes is a 4-star analyst with an average return of 9.4% and a 53.4% success rate. Gomes covers the Services sector, focusing on stocks such as Information Services Group, Kelly Services, and DLH Holdings.
Currently, the analyst consensus on Fat Brands is a Moderate Buy with an average price target of $10.00.
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Fat Brands’ market cap is currently $94.1M and has a P/E ratio of -11.40. The company has a Price to Book ratio of -1.30.
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FAT Brands, Inc. operates as a global franchising company that acquires, markets and develops fast casual and casual dining restaurant concepts around the world. Its brands include Yalla Mediterranean, Buffalo’s Cafe & Express, Ponderosa Steakhouse and Bonanza, Fatburger, Hurricane Grill & Wings, Bonanza Steak & BBQ, and Hurricane BTW. The company was founded by Andrew A. Wiederhorn on March 21, 2017 and is headquartered in Beverly Hills, CA.