
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT
- About


FAT Brands Inc (FAT)


- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)

(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
10/15/2025: FAT (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $12.5
1 Year Target Price $12.5
2 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 36.11% | Avg. Invested days 53 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
![]() | ![]() |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 35.76M USD | Price to earnings Ratio - | 1Y Target Price 12.5 |
Price to earnings Ratio - | 1Y Target Price 12.5 | ||
Volume (30-day avg) 2 | Beta 1.19 | 52 Weeks Range 1.75 - 4.10 | Updated Date 10/17/2025 |
52 Weeks Range 1.75 - 4.10 | Updated Date 10/17/2025 | ||
Dividends yield (FY) 14.00% | Basic EPS (TTM) -12.71 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -36.77% | Operating Margin (TTM) -10.59% |
Management Effectiveness
Return on Assets (TTM) -2.03% | Return on Equity (TTM) -157.2% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 1518070076 | Price to Sales(TTM) 0.06 |
Enterprise Value 1518070076 | Price to Sales(TTM) 0.06 | ||
Enterprise Value to Revenue 2.63 | Enterprise Value to EBITDA 42.7 | Shares Outstanding 16614400 | Shares Floating 5536008 |
Shares Outstanding 16614400 | Shares Floating 5536008 | ||
Percent Insiders 68.75 | Percent Institutions 7.32 |
Upturn AI SWOT
FAT Brands Inc

Company Overview
History and Background
FAT (Fresh. Authentic. Tasty.) Brands Inc. was founded in 2017 by Andy Wiederhorn. It acquires, develops, and manages quick-service, fast-casual, casual dining, and polished casual dining restaurant brands worldwide. The company has grown through acquisitions of various restaurant chains.
Core Business Areas
- Franchising: FAT Brands operates through a franchising model, collecting franchise fees and royalties from its franchisees.
- Restaurant Operations: While primarily a franchisor, FAT Brands also owns and operates a limited number of restaurants.
- Branding and Licensing: FAT Brands leverages its brand portfolio through licensing agreements and brand extensions.
Leadership and Structure
Andy Wiederhorn is the Chairman of the Board. The company has a hierarchical structure with various department heads overseeing different aspects of the business, including franchise development, operations, and marketing.
Top Products and Market Share
Key Offerings
- Fatburger: A fast-casual hamburger chain. Market share data is not precisely available as FAT Brands doesn't break it down per brand. Competitors include Five Guys, In-N-Out Burger (regional), and Shake Shack.
- Johnny Rockets: A retro-themed diner chain. Competitors include Steak 'n Shake, Denny's, and local diner chains.
- Twin Peaks: A sports lodge restaurant chain. Competitors include Hooters, Tilted Kilt, and other sports bar chains.
- Round Table Pizza: A pizza chain focused on providing quality products. Dominoes and Pizza Hut are competitors in the pizza market.
Market Dynamics
Industry Overview
The restaurant industry is highly competitive, with trends including online ordering, delivery services, and a focus on healthier options. Inflation and supply chain disruptions are current challenges.
Positioning
FAT Brands positions itself as a multi-brand franchisor with a diverse portfolio of restaurant concepts, providing stability and growth potential.
Total Addressable Market (TAM)
The global fast-food market size was valued at $727.60 billion in 2023 and is projected to reach $993.39 billion by 2032. FAT Brands aims to capture a portion of this TAM through its diverse portfolio.
Upturn SWOT Analysis
Strengths
- Diverse brand portfolio
- Franchise-based model providing stable revenue
- Established brand recognition for several of its brands
Weaknesses
- High debt levels
- Sensitivity to consumer spending habits
- Dependence on franchise success
- Past accounting controversy
Opportunities
- Expansion into new geographic markets
- Acquisition of additional restaurant brands
- Growth in online ordering and delivery
- Capitalizing on current growth in the fast casual space
Threats
- Increased competition in the restaurant industry
- Rising food and labor costs
- Changes in consumer preferences
- Economic downturns affecting consumer spending
- Increased interest rates increasing cost of debt.
Competitors and Market Share
Key Competitors
- DRI
- TXRH
- RUTH
- CAKE
- BLMN
Competitive Landscape
FAT Brands competes with a diverse range of restaurant companies, from large chains to smaller regional players. Its multi-brand strategy is both a strength and a weakness, requiring significant management oversight.
Major Acquisitions
Global Franchise Group
- Year: 2021
- Acquisition Price (USD millions): 380
- Strategic Rationale: Expanded FAT Brands' portfolio with five additional franchise brands, including Great American Cookies and Round Table Pizza.
Growth Trajectory and Initiatives
Historical Growth: Growth primarily driven by acquisitions of new restaurant brands.
Future Projections: Future growth dependent on successful integration of acquired brands and expansion of existing franchises. Analyst estimates vary.
Recent Initiatives: Focus on streamlining operations, improving same-store sales, and expanding franchise network.
Summary
FAT Brands operates a franchise-centric model, and is growing primarily through acquisitions, resulting in a large brand portfolio. The company's high debt and past accounting issues present challenges, but new initiatives and geographic expansion offer opportunities. Its sensitivity to economic conditions and competition requires careful management. Their multi-brand strategy can create resilience through diversity.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Market Research Reports
- Financial News Outlets
- Company Website
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on your own research and due diligence. Market data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About FAT Brands Inc
Exchange NASDAQ | Headquaters Beverly Hills, CA, United States | ||
IPO Launch date 2017-10-23 | Founder, President, CEO, Outside Consultant & Strategic Advisor and Chairman Mr. Andrew A. Wiederhorn | ||
Sector Consumer Cyclical | Industry Restaurants | Full time employees 2089 | Website https://www.fatbrands.com |
Full time employees 2089 | Website https://www.fatbrands.com |
FAT Brands Inc., a multi-brand restaurant franchising company, acquires, develops, markets, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts in the United States, Canada, and internationally. It owns restaurant brands, including Round Table Pizza, Marble Slab Creamery, Great American Cookies, Hot Dog on a Stick, Pretzelmaker, Fazoli's, Fatburger, Johnny Rockets, Elevation Burger, Yalla Mediterranean, Buffalo's Cafe and Buffalo's Express, Hurricane Grill & Wings, Ponderosa Steakhouse/Bonanza Steakhouse, Native Grill & Wings, Smokey Bones, and Twin Peaks. The company was incorporated in 2017 and is headquartered in Beverly Hills, California. FAT Brands Inc. operates as a subsidiary of Fog Cutter Holdings, LLC.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.