Pretzelmaker® Rolls Out Free Pretzel Bites for National Pretzel Day
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
National Pretzel Day Celebration: Pretzelmaker is offering a free order of Small Original Pretzel Bites on April 26 to celebrate National Pretzel Day, along with a promotion for $5 off orders over $20 for customers who sign up for their Rewards App by the same date.
Company Background: Founded in 1991, Pretzelmaker specializes in fresh-baked, hand-rolled Pretzel Bites and all-natural lemonade, and is part of FAT Brands, which owns multiple restaurant concepts worldwide.
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Analyst Views on FATBB
Wall Street analysts forecast FATBB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FATBB is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About FATBB
FAT Brands Inc. is a global franchising company, which acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. It owns 18 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Smokey Bones, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises and owns over 2,300 units worldwide. Round Table Pizza is the franchisor of quick service restaurants located in California and the western United States. Hot Dog on a Stick is the franchisor of quick service restaurants located in regional malls in California and the western United States. Johnny Rockets is an international restaurant franchise and offers menu items including Certified Angus Beef cooked-to-order hamburgers, chicken sandwiches, and malts.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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.
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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.
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