FATBB Overview

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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Charges Dismissed: The U.S. Attorney for the Central District of California has filed a motion to dismiss all charges against Andrew Wiederhorn and others, asserting there were no victims or financial losses involved in the case.

FAT Brands Growth: With the legal matter resolved, FAT Brands Inc. is set to continue its expansion, boasting over 1,000 units in development and more than 100 new store openings anticipated this year.

National Pretzel Day Celebration: Pretzelmaker is offering a free order of Small Original Pretzel Bites on April 26 to celebrate National Pretzel Day, available at participating locations nationwide.

Rewards App Promotion: Customers who sign up for the Pretzelmaker Rewards App by April 26 will receive a $5 discount on orders over $20 starting April 27, valid for 14 days.

Expansion Milestone: FAT Brands Inc. has opened its 80th location for Great American Cookies and Marble Slab Creamery in the Houston area, highlighting Houston as a key expansion hub for these dessert brands.

Brand Heritage: Great American Cookies, established in 1977, is known for its Original Cookie Cake and chocolate chip cookies, while Marble Slab Creamery, since 1983, offers homemade ice cream with a unique frozen slab technique and unlimited mix-ins.