FAT Brands Inc. (NASDAQ:FAT – Get Rating) Director Amy Valentine Forrestal acquired 2,500 shares of the stock in a transaction on Wednesday, May 11th. The shares were acquired at an average price of $6.09 per share, with a total value of $15,225.00. Following the purchase, the director now owns 3,901 shares in the company, valued at $23,757.09. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NASDAQ FAT opened at $6.00 on Friday. The stock’s fifty day simple moving average is $6.81 and its 200 day simple moving average is $9.12. FAT Brands Inc. has a 52-week low of $5.47 and a 52-week high of $15.99.
FAT Brands (NASDAQ:FAT – Get Rating) last issued its earnings results on Monday, March 21st. The company reported ($1.16) earnings per share (EPS) for the quarter. The company had revenue of $74.19 million during the quarter, compared to analyst estimates of $57.50 million.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FAT. L & S Advisors Inc acquired a new position in FAT Brands in the 1st quarter valued at approximately $112,000. Geode Capital Management LLC boosted its position in shares of FAT Brands by 21.8% in the 4th quarter. Geode Capital Management LLC now owns 17,339 shares of the company’s stock worth $183,000 after purchasing an additional 3,109 shares during the last quarter. Brookstone Capital Management bought a new position in FAT Brands during the fourth quarter worth about $356,000. Millennium Management LLC acquired a new stake in shares of FAT Brands in the 3rd quarter valued at about $237,000. Finally, BlackRock Inc. increased its position in shares of FAT Brands by 8.4% in the third quarter. BlackRock Inc. now owns 12,971 shares of the company’s stock valued at $121,000 after acquiring an additional 1,002 shares during the last quarter. Institutional investors own 6.37% of the company’s stock.
Several brokerages have weighed in on FAT. TheStreet downgraded FAT Brands from a “c” rating to a “d+” rating in a research note on Wednesday, February 16th. Zacks Investment Research downgraded FAT Brands from a “hold” rating to a “strong sell” rating in a research note on Friday, March 25th.
About FAT Brands (Get Rating)
FAT Brands Inc, a multi-brand franchising company, acquires, develops, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts worldwide. As of December 26, 2021, it owned seventeen restaurant brands, including Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli's, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo's Cafe and Buffalo's Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean, and Ponderosa Steakhouse/Bonanza Steakhouse, as well as operated 129 directly owned restaurants and 2,240 franchised locations.
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