FAT Brands (NASDAQ:FAT) Shares Up 1.7%

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

FAT Brands Price Performance

The firm’s fifty day moving average is $8.05 and its 200 day moving average is $7.00. The firm has a market capitalization of $112.18 million, a price-to-earnings ratio of -1.24 and a beta of 1.81.

FAT Brands (NASDAQ:FAT) last issued its earnings results on Thursday, March 7th. The company reported ($1.68) earnings per share (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. Equities research analysts forecast that FAT Brands Inc. will post -5.53 EPS for the current fiscal year.

Institutional Investors Weigh In On FAT Brands

Several large investors have recently made changes to their positions in FAT. Vanguard Group Inc. raised its position in FAT Brands by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 188,838 shares of the company’s stock valued at $1,144,000 after acquiring an additional 5,339 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of FAT Brands by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 78,194 shares of the company’s stock valued at $579,000 after purchasing an additional 1,674 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 valued at $342,000 after purchasing an additional 29,376 shares during the last quarter. Northern Trust Corp bought a new stake in FAT Brands in the fourth quarter worth $138,000. Finally, Citadel Advisors LLC acquired a new position in FAT Brands during the fourth quarter worth $67,000. Institutional investors own 6.90% of the company’s stock.

About FAT Brands

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.