FAT Brands Adds Bitcoin to the Menu as Form of Payment for Franchisees
FAT Brands Accepts Cryptocurrency: FAT Brands, a global restaurant franchising company, has become the first franchise to accept Bitcoin for franchisee royalty payments, highlighting its commitment to financial innovation and catering to international partners.
Expansion of Payment Options: The company's COO emphasized the value of expanding payment methods for franchisees, particularly for those outside the U.S., as Bitcoin gains mainstream acceptance.
Trade with 70% Backtested Accuracy
Analyst Views on FATBB
No data
About FATBB
About the author
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.
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).
Fintel Overview: Fintel provides comprehensive investing research, including fundamentals, analyst reports, ownership data, and advanced stock picks powered by quantitative models for improved profits.
U.S. Department of Justice Drops All Charges Against Andrew Wiederhorn, FAT Brands, William Amon, and Rebecca Hershinger
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.
Pretzelmaker® Rolls Out Free Pretzel Bites for National Pretzel Day
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.
Great American Cookies and Marble Slab Creamery Reach 80th Location Milestone in Houston Area
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.
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.
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).
Fintel Overview: Fintel provides comprehensive investing research, including fundamentals, analyst reports, ownership data, and advanced stock picks powered by quantitative models for improved profits.
U.S. Department of Justice Drops All Charges Against Andrew Wiederhorn, FAT Brands, William Amon, and Rebecca Hershinger
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.
Pretzelmaker® Rolls Out Free Pretzel Bites for National Pretzel Day
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.
Great American Cookies and Marble Slab Creamery Reach 80th Location Milestone in Houston Area
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.
