FAT Brands (NASDAQ:FAT) Trading Up 1.7%

Shares of FAT Brands Inc. (NASDAQ:FAT) were up 1.7% during trading on Tuesday . The company traded as high as $7.17 and last traded at $7.15. Approximately 6,720 shares changed hands during trading, a decline of 68% from the average daily volume of 21,311 shares. The stock had previously closed at $7.03.

FAT Brands Trading Up 1.3 %

The company has a market capitalization of $112.81 million, a P/E ratio of -1.24 and a beta of 1.81. The business’s 50-day simple moving average is $8.01 and its 200 day simple moving average is $7.00.

FAT Brands (NASDAQ:FAT) last released its quarterly earnings results on Thursday, March 7th. The company reported ($1.68) EPS for the quarter, missing analysts’ consensus estimates of ($1.55) by ($0.13). The business had revenue of $158.64 million for the quarter, compared to the consensus estimate of $150.00 million. As a group, sell-side analysts predict that FAT Brands Inc. will post -5.53 EPS for the current fiscal year.

Institutional Trading of FAT Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in FAT. Geode Capital Management LLC raised its holdings in shares of FAT Brands by 144.7% in the 2nd quarter. Geode Capital Management LLC now owns 49,683 shares of the company’s stock worth $342,000 after purchasing an additional 29,376 shares in the last quarter. Northern Trust Corp bought a new stake in shares of FAT Brands in the 4th quarter worth approximately $138,000. Citadel Advisors LLC bought a new stake in shares of FAT Brands in the 4th quarter worth approximately $67,000. Vanguard Group Inc. raised its holdings in shares of FAT Brands by 4.8% in the 3rd quarter. Vanguard Group Inc. now owns 183,499 shares of the company’s stock worth $1,204,000 after purchasing an additional 8,407 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of FAT Brands by 124.0% in the 1st quarter. UBS Group AG now owns 4,617 shares of the company’s stock worth $33,000 after purchasing an additional 2,556 shares in the last quarter. 6.90% of the stock is currently owned by institutional investors.

FAT Brands Company Profile

FAT Brands Inc, a multi-brand restaurant franchising company, acquires, develops, markets, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts worldwide. It owns restaurant brands, including Round Table Pizza, Marble Slab Creamery, Great American Cookies, Hot Dog on a Stick, Pretzelmaker, Fazoli's, Fatburger, Johnny Rockets, Elevation Burger, Yalla Mediterranean, Buffalo's Cafe and Buffalo's Express, Hurricane Grill & Wings, Ponderosa Steakhouse/Bonanza Steakhouse, Native Grill & Wings, Smokey Bones, and Twin Peaks.