FAT Brands pushed to the brink by legal storm and mounting debt [Yahoo! Finance]
FAT Brands Inc. - Class B (FATBB)
Company Research
Source: Yahoo! Finance
In August 2020, FAT Brands — then known as the parent company of Fatburger, Hurricane Grill & Wings, and Ponderosa and Bonanza Steakhouses — kicked off its acquisition spree with the purchase of Johnny Rockets . Five years and 14 brand acquisitions (plus one sale) later, the company has grappled with numerous legal and financial obstacles, including an SEC investigation, a recently dropped federal investigation into alleged financial fraud, two franchisee lawsuits accusing the company of mismanaging funds, and over $1.26 billion in debt that has been declared immediately due. This week, the company faced the threat of being delisted from the Nasdaq stock exchange due to its stock price consistently remaining below $1. FAT Brands disclosed in an SEC filing that it does not have sufficient liquidity to meet its debt obligations, acknowledging that bankruptcy could be on the horizon. Along with over $1.26 billion in debt, FAT Brands also reported in its most recent 10Q filing that the
Show less
Read more
Impact Snapshot
Event Time:
FATBB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FATBB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FATBB alerts
High impacting FAT Brands Inc. - Class B news events
Weekly update
A roundup of the hottest topics
FATBB
News
- Burger, wings, and bar empire faces looming Chapter 11 bankruptcy [Yahoo! Finance]Yahoo! Finance
- FAT Brands CEO Andy Wiederhorn says $1.26 billion in debt is not guaranteed by parent company [Yahoo! Finance]Yahoo! Finance
- FAT Brands receives Nasdaq delisting notice after stock falls below $1 [Yahoo! Finance]Yahoo! Finance
- Twin Peaks appoints Andy Wiederhorn as CEO Following Kim Boerema's Exit [Yahoo! Finance]Yahoo! Finance
- Fatburger Owner Faces Allegations It Masked Liquidity Crunch [Yahoo! Finance]Yahoo! Finance