Noble Financial Sticks to Their Buy Rating for Fat Brands (FAT)
Noble Financial analyst Joe Gomes maintained a Buy rating on Fat Brands yesterday and set a price target of $10.00. The company’s shares closed yesterday at $1.52.
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According to TipRanks, Gomes is a 3-star analyst with an average return of 2.1% and a 41.63% success rate. Gomes covers the Industrials sector, focusing on stocks such as CoreCivic, V2X, and Geo Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fat Brands with a $15.00 average price target.
Based on Fat Brands’ latest earnings release for the quarter ending June 29, the company reported a quarterly revenue of $146.84 million and a GAAP net loss of $54.19 million. In comparison, last year the company earned a revenue of $152.04 million and had a GAAP net loss of $39.36 million
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