Fat Brands Stock Price, News & Analysis

FAT Brands has announced its acquisition of Global Franchise Group for $442.5 million in a mix of cash and stock. This deal brings five restaurant brands, including Round Table Pizza and Great American Cookies, into FAT's portfolio, expanding its reach to over 2,000 restaurants with system-wide sales of approximately $1.4 billion. The acquisition is expected to enhance annual EBITDA by $40 million, driven by synergies and recovery from COVID-19. The transaction is set to close by the end of July 2021, pending regulatory approval.

FAT Brands Inc. (NASDAQ: FAT, FATBP, FATBW) has successfully closed its public offering of 460,000 shares of 8.25% Series B Cumulative Preferred Stock at $20.00 per share, generating gross proceeds of $9,200,000. This includes the full exercise of the underwriter’s option for an additional 60,000 shares. The capital is intended for general corporate purposes and potential acquisitions. The offering was managed by ThinkEquity and follows a registration statement effective from June 17, 2021.

FAT Brands Inc. (NASDAQ: FAT, FATBP, FATBW) has priced an underwritten public offering of 400,000 shares of 8.25% Series B Cumulative Preferred Stock at $20.00 each, aiming for gross proceeds of $8 million. The underwriters hold a 45-day option for an additional 60,000 shares for over-allotments. The offering is set to close on June 22, 2021, pending customary conditions. Proceeds will support general corporate purposes and potential acquisitions, enhancing growth opportunities for the company.

FAT Brands Inc. (NASDAQ: FAT) announced its participation in Roth’s 7th Annual Virtual London Conference, scheduled for June 21-23, 2021. Andy Wiederhorn, President and CEO, will conduct virtual meetings with investors during this event. FAT Brands is known for its global franchising operations, owning nine restaurant brands, including Fatburger and Johnny Rockets, and franchises approximately 700 units worldwide.

FAT Brands is celebrating Johnny Rockets' 35th anniversary with a limited-time Birthday Cake Shake available from June 15 to June 30, 2021. This new shake features rainbow sprinkles and embodies the diner’s nostalgic charm. Customers can receive a free shake with a purchase by joining the Rocket E-Club, following on social media, or with a Birthday Party Invite. The promotional event aims to rekindle fond memories for diners while also enhancing customer engagement. The chain has successfully expanded its global presence, operating restaurants in 25 countries.

FAT Brands Inc. (NASDAQ: FAT) has declared a cash dividend of $0.13 per share for the fiscal 2021 second quarter, payable on June 21, 2021 to stockholders on record as of June 14, 2021. Future dividends will depend on the company’s financial performance and capital needs. FAT Brands is a global franchising company with nine restaurant brands, including Fatburger and Johnny Rockets, operating around 700 units worldwide. The declaration reflects the company's ongoing commitment to returning value to shareholders.

Fatburger and Death Row Records have launched a partnership to honor the 30th anniversary of the iconic hip-hop label. Starting June 1, 2021, for every XXXL Burger sold, $1.30 will be donated to the GRAMMY Museum, with a maximum total donation of $15,000. Customers can also purchase limited-edition merchandise and NFTs featuring brand logos. This initiative aims to support the legacy of African American music and celebrates the cultural significance of both brands. The promotion runs through June 30, 2021.

FAT Brands Inc. has announced an exclusive beverage partnership with PepsiCo, expanding the collaboration to include brands like Fatburger and Johnny Rockets. This new agreement allows FAT Brands restaurants to offer a diverse selection of PepsiCo beverages, enhancing customer experience and catering to evolving consumer demands. The partnership aims to drive shared growth strategies, with franchisees also benefiting from PepsiCo's digital expertise in takeout and delivery. The transition to PepsiCo products will begin across the country later this summer.

FAT Brands Inc. (NASDAQ: FAT), the owner of restaurant brands like Fatburger and Johnny Rockets, will participate in Noble Capital Markets’ Virtual Road Show Series on May 25, 2021, at 1 PM EDT. The event will include a presentation from President and CEO Andy Wiederhorn, followed by a Q&A session. Registration is free for all investors. FAT Brands currently operates nine restaurant concepts with approximately 700 units globally, focusing on fast casual and casual dining.