Shares of Fat Brands Inc. FAT ran up 9.4% toward a 10-week high in afternoon trading Tuesday, after the restaurant franchising company, with brands including Johnny Rockets, Hot Dog on a Stick, Round Table Pizza and Fatburger, said it’s planning an initial public offering of its Twin Peaks sports-lodge themed restaurant chain. Twin Peaks, which Fat Brands acquired in October 2021, is expected to end 2023 with approximately 115 lodges, up nearly 40% since it was acquired.
4% toward a 10-week high in afternoon trading Tuesday, after the restaurant franchising company, with brands including Johnny Rockets, Hot Dog on a Stick, Round Table Pizza and Fatburger, said it’s planning an initial public offering of its Twin Peaks sports-lodge themed restaurant chain. Twin Peaks, which Fat Brands acquired in October 2021, is expected to end 2023 with approximately 115 lodges, up nearly 40% since it was acquired.