--- title: "Fat Brands Finalizes Major Asset Sales in Restructuring" type: "News" locale: "en" url: "https://longbridge.com/en/news/290233847.md" description: "Fat Brands finalized major asset sales as part of its Chapter 11 restructuring. Key transactions included the sale of Hot Dog on a Stick for $8 million and Elevation Burger for $2.5 million. The core Fat Brands portfolio, including Round Table Pizza and Fatburger, was sold via a $595 million credit bid, while Twin Peaks was sold for approximately $359.5 million. These moves significantly reshape the company's structure under court supervision." datetime: "2026-06-18T17:59:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290233847.md) - [en](https://longbridge.com/en/news/290233847.md) - [zh-HK](https://longbridge.com/zh-HK/news/290233847.md) --- # Fat Brands Finalizes Major Asset Sales in Restructuring ### Claim 55% Off TipRanks - Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions. - Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter. The latest announcement is out from Fat Brands ( (FATAQ) ). In the wake of its Chapter 11 proceedings, Fat Brands Inc. and affiliated debtors auctioned substantially all of their assets on April 27, 2026, under court-approved bidding procedures, with FBG Bid Co., Amazing Brands, TABCO International Food Catering and TWNPKS Bid Co. named provisional winners for different brand groups. On May 19, 2026, the Bankruptcy Court authorized four sale orders, enabling a series of asset purchase agreements that collectively transfer ownership of the Hot Dog on a Stick, Elevation Burger, the core Fat Brands portfolio and Twin Peaks restaurant and entertainment assets, materially reshaping the group’s structure and ownership. Under these transactions, the Hot Dog on a Stick business and related intellectual property were sold for $8 million, while Elevation Burger fetched $2.5 million, with buyers assuming specified liabilities in each deal. On June 15, 2026, Fat Brands’ flagship portfolio, including Round Table Pizza, Fatburger, Johnny Rockets, Fazoli’s and other franchised brands, was sold to an affiliate via a roughly $595 million credit bid tied to debtor-in-possession and prepetition note obligations, and the Twin Peaks chain was sold through a separate credit bid of about $359.5 million, together moving major restaurant systems out of the debtor entities and significantly advancing Fat Brands’ court-supervised restructuring. The sale of the Hot Dog on a Stick assets closed on June 5, 2026, followed by the June 15, 2026 closings of the Elevation Burger, Fat Brands portfolio and Twin Peaks transactions, with notices filed in the Chapter 11 cases documenting each completion. These sales, conducted free and clear of liens under Section 363 and coupled with the assumption and assignment of designated contracts and leases, mark a pivotal phase in the company’s reorganization, with important implications for creditors, franchisees and other stakeholders as brand operations continue under new ownership structures. The most recent analyst rating on (FATAQ) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Fat Brands stock, see the FATAQ Stock Forecast page. **Spark’s Take on FATAQ Stock** According to Spark, TipRanks’ AI Analyst, FATAQ is a Neutral. The score is primarily weighed down by weak financial performance (losses, negative equity, and negative cash flow) and bankruptcy-related corporate events. Technicals also remain bearish. Earnings call initiatives and cost actions provide only limited offset given ongoing debt and profitability challenges. To see Spark’s full report on FATAQ stock, click here. **More about Fat Brands** Fat Brands Inc. is a multi-brand restaurant franchising company that operates and licenses a portfolio of fast-casual, quick-service and casual-dining concepts, including burger, pizza, steakhouse, dessert, Mediterranean and sports-bar formats. Its primary business is developing, franchising and managing restaurant brands worldwide, with a focus on royalty-based revenue and asset-light, franchise-driven growth across numerous banners. **Average Trading Volume:** 58,445 **Technical Sentiment Signal:** Sell **Current Market Cap:** $589.8K ### Related Stocks - [TWNPQ.US](https://longbridge.com/en/quote/TWNPQ.US.md) - [FATAQ.US](https://longbridge.com/en/quote/FATAQ.US.md) - [FABTQ.US](https://longbridge.com/en/quote/FABTQ.US.md) - [FATBP.US](https://longbridge.com/en/quote/FATBP.US.md) - [FATAV.US](https://longbridge.com/en/quote/FATAV.US.md) - [FAT.US](https://longbridge.com/en/quote/FAT.US.md) - [FATBB.US](https://longbridge.com/en/quote/FATBB.US.md) - [FATBV.US](https://longbridge.com/en/quote/FATBV.US.md) - [FATBW.US](https://longbridge.com/en/quote/FATBW.US.md) - [FATPQ.US](https://longbridge.com/en/quote/FATPQ.US.md) ## Related News & Research - [Broadridge Financial Solutions (BR) Could Be 20% Undervalued Following Earnings And Dividend Hike](https://longbridge.com/en/news/295591130.md) - [RHA Ventures portfolio company brüst launches on Costco.com in US](https://longbridge.com/en/news/295425636.md) - [BRBI BR Partners announces R$ 0.18 per share distribution for Q2 2026](https://longbridge.com/en/news/295560954.md) - [Induct names Karl Erik Brøten CFO, effective Aug. 17](https://longbridge.com/en/news/295058867.md) - [Sodra agrees to sell parts of Denmark operations to Bruning Group](https://longbridge.com/en/news/295667515.md)