Noble Capital analyst Joe Gomes downgraded Twin Hospitality (TWNP) to Market Perform from Outperform after Twin and parent company FAT Brands (FAT) disclosed on November 17 that they received notices of acceleration from UMB with respect to Securitization Notes. While the firm views the issue to be capital structure related, and not related to operating performance, it is unclear how the debt acceleration impacts the conversions of Smokey Bones locations into company-owned Twin Peaks and the firm expects the recently announced proposed acquisition of eight franchisee locations to be on hold.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TWNP:
- Twin Hospitality Faces Financial Distress Amid Note Acceleration
- Twin Hospitality to acquire eight Twin Peaks franchise locations in Florida
- Twin Hospitality Group Reports Q3 2025 Financial Results
- Twin Hospitality initiated with an Outperform at Noble Capital
- Twin Hospitality appoints Fry as Chief Marketing Officer