FAT Brands: Too Many Risks To Take A Bite [Seeking Alpha]
FAT Brands Inc. (FAT)
US:NASDAQ Investor Relations:
ir.fatbrands.com
Company Research
Source: Seeking Alpha
The company's top-line growth has slowed, margins have weakened, and the company has yet to achieve profitability. A tempting dividend yield masks risks like a negative payout ratio and the undisclosed results of the SEC investigation. In 2021, FAT Brands Inc. ( NASDAQ: FAT ) adopted an aggressive growth strategy, majorly expanding its brand portfolio through rapid acquisitions. This was compelling, as revenue grew by a three-year CAGR of 198.20%. However, in my previous article , I downgraded my rating to hold because acquisitions were funded by debt with variable interest rates, which ballooned interest expenses in the 2023 economic environment. In its FY2023 financial results , top-line growth has slowed to 17.98% YoY, margins have weakened, and the company has yet to produce profits. Its cash position has improved slightly, although net debt exceeds one billion dollars. One of the incentives for potential investors is the company's generous quarterly FWD dividend yield of 7.5
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FAT
News
- FAT Brands Expands Partnership with Six Flags, Brings Third Restaurant Brand to Iconic Parks [Yahoo! Finance]Yahoo! Finance
- FAT Brands Foundation Raises Over $130,000 at 2024 FAT Brands Summit [Yahoo! Finance]Yahoo! Finance
- FAT Brands Expands Partnership with Six Flags, Brings Third Restaurant Brand to Iconic ParksGlobeNewswire
- FAT Brands Foundation Raises Over $130,000 at 2024 FAT Brands SummitGlobeNewswire
- FAT BRANDS INC. REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS [Yahoo! Finance]Yahoo! Finance
FAT
Earnings
- 5/1/24 - Miss
FAT
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 10-Q
- 5/1/24 - Form 8-K
- FAT's page on the SEC website