FAT Brands (FATBB)

• Market cap: $77.9M

About: FAT Brands Inc is a multi-brand restaurant franchising company. It develops, markets, acquires and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts around the world. The company operates as a franchisor of restaurants, where the company generally does not own or operate the restaurant locations but rather generates revenue by charging franchisees an initial franchise fee as well as ongoing royalties. For some of the company's brands, it also directly owns and operates restaurant locations. Its brands include Round Table Pizza, Fatburger, Johnny Rockets, Twin Peaks, and Elevation Burger among others. Geographically, the majority of the revenue for the company is generated from the United States and the rest from other countries.

Employees: 7,390

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

20% more funds holding

Funds holding: 10 [Q1] → 12 (+2) [Q2]

0.58% more ownership

Funds ownership: 5.48% [Q1] → 6.06% (+0.58%) [Q2]

16% less capital invested

Capital invested by funds: $437K [Q1] → $369K (-$68K) [Q2]

33% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 3