FAT Brands (FATBB) Price Target Raised by 143.95% to $32.64
Price Target Revision: The average one-year price target for FAT Brands has been increased to $32.64 per share, reflecting a 143.95% rise from the previous estimate of $13.38, with targets ranging from $24.24 to $42.00 per share.
Fund Sentiment: There are currently 13 funds reporting positions in FAT Brands, a decrease of 3 funds (18.75%) from the last quarter, while total shares owned by institutions increased by 39.27% to 130K shares.
Institutional Holdings: Geode Capital Management holds 60K shares (4.69% ownership) but has decreased its portfolio allocation by 48.87%, while Fidelity Extended Market Index Fund increased its holdings to 26K shares (2.04% ownership).
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FAT Brands Initiates Voluntary Chapter 11 Bankruptcy Proceedings
- Voluntary Bankruptcy Filing: FAT Brands has initiated voluntary Chapter 11 proceedings in the Southern District of Texas to deleverage its balance sheet, aiming to maximize stakeholder value and support the continued growth of its brands.
- Ongoing Brand Operations: Despite the bankruptcy filing, FAT Brands' 18 restaurant concepts, including Fatburger and Johnny Rockets, are expected to continue operating normally, ensuring customers can still enjoy their signature dining experiences, which highlights the resilience of the brand.
- Employee Protection Commitment: CEO Andy Wiederhorn emphasized that the bankruptcy process will help protect the interests of over 45,000 employees while maintaining quality service for customers, ensuring the brands remain competitive in the industry.
- Legal and Financial Support: FAT Brands has engaged Latham & Watkins LLP as legal counsel, GLC Advisors & Co. as investment banker, and Huron Consulting Services LLC as financial advisor to ensure a smooth bankruptcy process and optimize restructuring plans.

FAT Brands Launches Triple Crown Pepperoni Pizza at $21.99
- New Product Launch: Round Table Pizza introduces the Triple Crown Pepperoni Pizza, priced at just $21.99, featuring three types of pepperoni to enhance the dining experience and attract more customers.
- Market Positioning: Available from today until May 3, this pizza aims to strengthen the brand's appeal in the competitive fast-food market through high-quality ingredients and unique flavor combinations.
- Brand Commitment: Round Table Pizza emphasizes its promise of handcrafted pizzas, aiming to meet customer demand for high-value meals, thereby enhancing customer loyalty.
- Complementary Offerings: The new pizza can be paired with various Shareables, such as Jalapeño Poppers and Mozzarella Sticks, further enriching the dining experience and boosting overall customer spending.






