Losing cash on Johny Rockets’ acquisition makes Fatburger’s parent company FAT Brands (NASDAQ: FAT) jump over 100% on more than 35 million shares daily volume. Additionally, before the COVID-19 second wave, the restaurant business is obviously reviving with limitations of social distancing.
FAT is a boring stock for its flat nature in moving through various situations. Its penny price still attracts short term traders. Therefore, it moves high but later 2 points may fade.
FAT’s -0.55 EPS may lure long term focusing investors with the intention of getting possible dividends and even rise in prices. In two-quarters positive earnings could make the EPS stand around $1 or $1.5 as revenue backs the profit.
Finance and Tech Contributor