It seems the first Feast was not enough.
In a story from Bloody Disgusting, they report that Dimension is interested in doing two sequels to the original film.
There's no word yet on whether the writers Patrick Melton and Marcus Dunston, or even the revered director, John Gulager, or any of the cast, will be back. It seems that the movie has done quite well on DVD and that got the bean counters at Dimension to start thinking about sequel ideas.
When we know more about this you will as well!