Shares of FAT Brands Inc. (NASDAQ:FATBB - Get Free Report) fell 2.1% during mid-day trading on Tuesday . The company traded as low as $6.50 and last traded at $6.50. 440 shares traded hands during trading, a decline of 66% from the average session volume of 1,280 shares. The stock had previously closed at $6.64.
FAT Brands Stock Performance
The business has a 50-day simple moving average of $6.96 and a 200-day simple moving average of $6.10.
FAT Brands (NASDAQ:FATBB - Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($1.68) earnings per share for the quarter. The firm had revenue of $158.64 million during the quarter.
Institutional Trading of FAT Brands
A number of institutional investors have recently made changes to their positions in FATBB. Tower Research Capital LLC TRC lifted its position in FAT Brands by 281.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,427 shares of the company's stock worth $45,000 after acquiring an additional 5,481 shares during the period. Vanguard Group Inc. lifted its position in FAT Brands by 22.7% during the 3rd quarter. Vanguard Group Inc. now owns 27,250 shares of the company's stock worth $164,000 after acquiring an additional 5,036 shares during the period. Finally, UBS Group AG lifted its position in FAT Brands by 81.3% during the 3rd quarter. UBS Group AG now owns 3,937 shares of the company's stock worth $30,000 after acquiring an additional 1,766 shares during the 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.
Further Reading
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