FAT Brands (FAT, Financial) has achieved a significant milestone with the opening of the 80th Great American Cookies and Marble Slab Creamery location in the Houston area. This expansion includes a combination of co-branded and standalone stores, underscoring the company's growth strategy in this key market.
Recent additions to the lineup include two co-branded retail outlets in Houston, TX, and Magnolia, TX, further cementing the brands' presence in the region. The strategic expansion reflects the enduring popularity and support from local fans who continue to enjoy the unique offerings such as Cookie Cakes and indulgent ice cream treats from these beloved brands.
Allison Lauenstein, President of Great American Cookies and Marble Slab Creamery, emphasized the brands’ commitment to maintaining the quality and craftsmanship of their dessert offerings as they continue to grow. Houston's importance as an expansion hub for these brands is evident as FAT Brands leverages the market's enthusiastic customer base to drive further development.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for FAT Brands Inc (FAT, Financial) is $15.00 with a high estimate of $15.00 and a low estimate of $15.00. The average target implies an upside of 497.61% from the current price of $2.51. More detailed estimate data can be found on the FAT Brands Inc (FAT) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, FAT Brands Inc's (FAT, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for FAT Brands Inc (FAT, Financial) in one year is $5.46, suggesting a upside of 117.53% from the current price of $2.51. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the FAT Brands Inc (FAT) Summary page.
