Twin Hospitality Group Begins Chapter 11 Restructuring Process

Twin Hospitality Group Inc. Class A ( (TWNP) ) has provided an announcement.

On January 26, 2026, Twin Hospitality Group Inc., along with parent FAT Brands Inc. and their respective subsidiaries, filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of Texas and began operating as debtors-in-possession while seeking first-day relief to support ongoing operations. The company said its Twin Peaks and Smokey Bones restaurants are expected to remain open and operating as usual during the restructuring, while Nasdaq trading of its securities is set to continue with a “Q” suffix; at the same time, management warned that trading in its securities is highly speculative and that common shareholders may face a complete or significant loss depending on the outcome of the case. Also effective January 26, 2026, the board expanded from five to six members, appointing restructuring veterans Patrick Bartels and Neal Goldman as independent directors and as a special committee to oversee restructuring matters, and naming Huron Consulting’s John DiDonato as Chief Restructuring Officer and Abhimanyu Gupta as Deputy Chief Restructuring Officer, underscoring a move to bring in specialized turnaround expertise to guide the Chapter 11 process and attempt to stabilize the company’s capital structure for stakeholders.

The most recent analyst rating on (TWNP) stock is a Hold with a $0.48 price target. To see the full list of analyst forecasts on Twin Hospitality Group Inc. Class A stock, see the TWNP Stock Forecast page.

Spark’s Take on TWNP Stock

According to Spark, TipRanks’ AI Analyst, TWNP is a Underperform.

The score is driven down primarily by weak financial health (negative equity, heavy debt load, worsening margins, and negative operating/free cash flow). Technicals reinforce the risk with a clear downtrend and very weak momentum. Corporate events add distress risk (accelerated notes and leadership shakeup), while valuation provides limited support due to a negative P/E and no dividend yield data.

To see Spark’s full report on TWNP stock, click here.

More about Twin Hospitality Group Inc. Class A

Twin Hospitality Group Inc., listed on Nasdaq as TWNP, is a Dallas-based restaurant company that develops and operates specialty casual dining concepts aimed at redefining the casual dining category with experiential, sports- and meat-focused brands. It is the parent of Twin Peaks, a 114-location “ultimate sports lodge” chain in the U.S. and Mexico known for made-from-scratch food and beer-centric sports bar experiences, and Smokey Bones, a full-service barbecue-focused restaurant and bar offering ribs, cocktails and late-night service.

Average Trading Volume: 582,910

Technical Sentiment Signal: Strong Sell

Current Market Cap: $30.43M

For an in-depth examination of TWNP stock, go to TipRanks’ Overview page.