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Why FAT Brands Is Trading Higher Today

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FAT Brands (NASDAQ: FAT) shares are trading higher on Monday after Noble Capital Markets upgraded the stock from Market Perform to Outperform and announced a price target of $8 per share.

FAT Brands is a multi-brand restaurant franchising company. It develops, markets, and acquires predominantly fast-casual restaurant concepts. The company provides turkey burgers, chicken sandwiches, chicken tenders, burgers, ribs, wrap sandwiches and others.

Its brand portfolio comprises Fatburger, Buffalo's Cafe, Buffalo's Express, Hurricane Grill & Wings, Ponderosa and Bonanza Steakhouses, Elevation Burger, and Yalla Mediterranean. It generates a majority of its revenues within the U.S.

FAT Brands shares traded up 6.6% to $5.49 on Monday at the time of publication. The stock has a 52-week high of $10.25 and a 52-week low of $1.72.

Latest Ratings for FAT

DateFirmActionFromTo
Oct 2020Noble Capital MarketsUpgradesMarket PerformOutperform
Jun 2020Noble Capital MarketsInitiates Coverage OnMarket Perform
May 2018RF LaffertyMaintainsBuyBuy

View More Analyst Ratings for FAT
View the Latest Analyst Ratings

 

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