Noble Financial analyst Joe Gomes maintained a Buy rating on Fat Brands (FAT – Research Report) today and set a price target of $25.00. The company’s shares closed last Wednesday at $5.75, close to its 52-week low of $5.47.
According to TipRanks.com, Gomes is a 4-star analyst with an average return of 8.2% and a 40.9% success rate. Gomes covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Voyager Digital (Canada), and One Stop Systems.
Fat Brands has an analyst consensus of Moderate Buy, with a price target consensus of $25.00.
The company has a one-year high of $16.00 and a one-year low of $5.47. Currently, Fat Brands has an average volume of 21.9K.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is neutral on the stock.
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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.
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