Twin Hospitality Appoints Andy Wiederhorn as CEO, Initiates Business Restructuring
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Globenewswire
- Leadership Change: Twin Hospitality Group Inc. has appointed Andy Wiederhorn as CEO, effective immediately, following the termination of Kim Boerema, aiming to enhance long-term competitiveness by optimizing resources and reducing overhead.
- Operational Integration: Roger Gondek will continue as COO while also taking on the role of President of Twin Peaks Restaurant, leveraging his 15 years of brand experience to drive operational efficiency and enhance guest experience.
- Strategic Focus: Wiederhorn emphasized a commitment to advancing key business initiatives, including streamlining operations and improving customer experience, to address current market challenges and restructure debt.
- Company Background: Since its founding in 2005, Twin Peaks has opened 114 locations in the U.S. and Mexico, aiming to redefine the casual dining category through unique dining experiences.
TWNP
$0.7707+Infinity%1D
Analyst Views on TWNP
Wall Street analysts forecast TWNP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TWNP is 10.00 USD with a low forecast of 10.00 USD and a high forecast of 10.00 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.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.800
Low
10.00
Averages
10.00
High
10.00
Current: 0.800
Low
10.00
Averages
10.00
High
10.00
About TWNP
Twin Hospitality Group Inc. is a franchisor and operator of two specialty casual dining restaurant concepts: Twin Peaks and Smokey Bones. It has a total restaurant footprint consists of over 172 restaurants, of which 74 are domestic franchised Twin Peaks restaurants operated by its franchisee partners, seven are international franchised Twin Peaks restaurants operated by a franchisee partner in Mexico, 33 are domestic Company-owned Twin Peaks restaurants, and 58 are domestic Company-owned Smokey Bones restaurants. Its Twin Peaks restaurants feature a selection of menu items, providing guests with a range of gastropub-style all-American comfort food suitable for various taste preferences. Smokey Bones is a full-service, meat-centric restaurant brand and concept specializing in ribs and a variety of other slow-smoked, fire-grilled, or seared meats, along with a full bar featuring a selection of domestic, imported and local craft beers, and signature handcrafted cocktails.
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.
