FAT Brands (NASDAQ:FAT) Trading Up 1.7%

FAT Brands Inc. (NASDAQ:FAT)’s stock price rose 1.7% during trading on Tuesday . The stock 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 Stock Performance

The firm’s 50-day moving average price is $8.01 and its 200 day moving average price is $7.00. The company has a market cap of $112.81 million, a price-to-earnings ratio of -1.24 and a beta of 1.81.

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

Institutional Investors Weigh In On FAT Brands

Several institutional investors have recently modified their holdings of FAT. UBS Group AG boosted its stake in FAT Brands by 124.0% during the 1st quarter. UBS Group AG now owns 4,617 shares of the company’s stock worth $33,000 after acquiring an additional 2,556 shares during the last quarter. Citadel Advisors LLC bought a new position in FAT Brands during the 4th quarter worth approximately $67,000. Northern Trust Corp bought a new position in FAT Brands during the 4th quarter worth approximately $138,000. Geode Capital Management LLC boosted its stake in FAT Brands by 144.7% during the 2nd quarter. Geode Capital Management LLC now owns 49,683 shares of the company’s stock worth $342,000 after acquiring an additional 29,376 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in 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 worth $579,000 after acquiring an additional 1,674 shares during the last quarter. Institutional investors and hedge funds 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.