Shares of FAT Brands Inc. (NASDAQ:FATBB - Get Free Report) rose 2.7% during mid-day trading on Thursday . The stock traded as high as $3.00 and last traded at $3.04. Approximately 942 shares changed hands during trading, a decline of 86% from the average daily volume of 6,832 shares. The stock had previously closed at $2.96.
FAT Brands Price Performance
The company has a market capitalization of $51.60 million, a P/E ratio of -0.31 and a beta of 1.08. The stock's 50 day simple moving average is $2.80 and its two-hundred day simple moving average is $3.91.
FAT Brands (NASDAQ:FATBB - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($2.73) earnings per share (EPS) for the quarter. The company had revenue of $142.02 million for the quarter.
Institutional Investors Weigh In On FAT Brands
An institutional investor recently raised its position in FAT Brands stock. Geode Capital Management LLC boosted its holdings in FAT Brands Inc. (NASDAQ:FATBB - Free Report) by 14.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,307 shares of the company's stock after buying an additional 5,936 shares during the quarter. Geode Capital Management LLC's holdings in FAT Brands were worth $225,000 at the end of the most recent reporting period.
About FAT Brands
(
Get Free Report)
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.
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