FAT Brands (FAT)

1.FAT Brands Royalty I, LLC • 2.Buffalo’s Franchise Concepts Inc. • 3.Ponderosa Franchising Company LLC • 4.Ponderosa International Development Inc. • 5.Puerto Rico Ponderosa Inc. • 6.Hurricane AMT, LLC • 7.EB Franchises LLC • 8.Johnny Rockets Licensing Canada LLC • 9.Fatburger North America, Inc. • 10.Bonanza Restaurant Company LLC ...

FAT stock data

1M 3M 6M 1Y

Latest filings (excl ownership)

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Annual report to shareholders

Entry into a Material Definitive Agreement

25 Nov 24

8-K

Shareholder Nominations Pursuant to Exchange Act Rule 14a-11

FAT Brands Files Form 10 Registration Statement for Planned Listing of Twin Hospitality Group

31 Oct 24

Transcripts

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FAT

Earnings call transcript

2024 Q3

30 Oct 24

FAT

Earnings call transcript

2024 Q2

31 Jul 24

FAT

Earnings call transcript

2024 Q1

1 May 24

FAT

Earnings call transcript

2023 Q4

7 Mar 24

FAT

Earnings call transcript

2023 Q3

26 Oct 23

FAT

Earnings call transcript

2023 Q2

3 Aug 23

FAT

Earnings call transcript

2023 Q2

3 Aug 23

FAT

Earnings call transcript

2023 Q1

8 May 23

FAT

Earnings call transcript

2022 Q4

22 Feb 23

FAT

Earnings call transcript

2022 Q3

20 Oct 22

Latest ownership filings

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ANDREW WIEDERHORN

25 Nov 24

SC 13D/A

Fog Cutter Holdings, LLC

26 Sep 24

Change in insider ownership

12 Sep 24

Change in insider ownership

Change in insider ownership

Financial summary

Financial statements Chart FAT financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	49.91 mm	49.91 mm	49.91 mm	49.91 mm	49.91 mm	49.91 mm
Cash burn (monthly)	2.21 mm	78.33 k	14.87 mm	12.66 mm	1.07 mm	4.87 mm
Cash used (since last report)	6.26 mm	222.04 k	42.15 mm	35.89 mm	3.04 mm	13.80 mm
Cash remaining	43.64 mm	49.68 mm	7.76 mm	14.02 mm	46.86 mm	36.11 mm
Runway (months of cash)	19.7	634.3	0.5	1.1	43.6	7.4

Beta Read what these cash burn values mean

Financial data from FAT Brands earnings reports.

Institutional ownership, Q2 2024

FAT institutional ownership history Ownership history

61.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	4	31	-87.1%
Opened positions	0	22	EXIT
Closed positions	27	1	+2600.0%
Increased positions	0	1	EXIT
Reduced positions	0	1	EXIT

13F shares	Current	Prev Q	Change
Total value	642.75 mm	10.56 bn	-93.9%
Total shares	9.52 mm	10.84 mm	-12.2%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Fog Cutter	7.03 mm	$52.19 mm	0.0%
Hot GFG	1.54 mm	$17.16 mm	0.0%
ADW Capital Partners	739.32 k	$4.40 mm	0.0%
Altium Capital Management	200.00 k	$569.00 mm	0.0%
Proequities	0.00	$0.00

Largest transactions	Bought/sold	Change
ADW Capital Management	-587.40 k	EXIT
Vanguard	-219.67 k	EXIT
Divisadero Street Capital Management	-143.38 k	EXIT
Geode Capital Management	-88.23 k	EXIT
Ridgewood Investments	-48.49 k	EXIT
Renaissance Technologies	-37.80 k	EXIT
Brookstone Capital Management	-32.23 k	EXIT
TD Waterhouse Canada	-26.40 k	EXIT
Advisor	-22.92 k	EXIT
NTRS Northern Trust	-20.62 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

FAT insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
22 Nov 24	Wiederhorn Andrew	Class B Common Stock	Buy	Acquire P	No	No	4.4992	1,000	4.50 k	11,079
11 Sep 24	Fog Cutter	Series B Cumulative Preferred Stock	Buy	Acquire P	No	No	9.53	1,000	9.53 k	4,000
30 Aug 24	Fog Cutter	Series B Cumulative Preferred Stock	Buy	Acquire P	No	No	10.3906	1,000	10.39 k	3,000
26 Aug 24	Mark Elenowitz	Series B Cumulative Preferred Stock	Buy	Acquire P	No	No	11	6,200	68.20 k	9,200
22 Aug 24	Mark Elenowitz	Series B Cumulative Preferred Stock	Buy	Acquire P	No	No	10.8	2,656	28.68 k	3,000
21 Aug 24	Mark Elenowitz	Series B Cumulative Preferred Stock	Buy	Acquire P	No	No	11.04	344	3.80 k	344