Northern Trust Corp Has $169,000 Stock Position in FAT Brands Inc. (NASDAQ:FAT)

Northern Trust Corp grew its holdings in shares of FAT Brands Inc. (NASDAQ:FAT) by 63.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,751 shares of the company’s stock after purchasing an additional 12,287 shares during the period. Northern Trust Corp owned about 0.19% of FAT Brands worth $169,000 at the end of the most recent quarter.

Analysts Set New Price Targets

Separately, Loop Capital reduced their price target on shares of FAT Brands from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, May 12th.

FAT Brands Price Performance

Shares of NASDAQ:FAT opened at $2.27 on Wednesday. The company has a market cap of $40.46 million, a price-to-earnings ratio of -0.25 and a beta of 1.42. The firm has a 50 day simple moving average of $2.55 and a 200 day simple moving average of $3.86. FAT Brands Inc. has a one year low of $2.01 and a one year high of $6.17.

FAT Brands (NASDAQ:FAT) last released its quarterly earnings results on Thursday, May 8th. The company reported ($2.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.40) by ($0.33). The firm had revenue of $142.02 million for the quarter, compared to analysts’ expectations of $148.55 million. As a group, analysts expect that FAT Brands Inc. will post -10.23 EPS for the current year.

FAT Brands Company Profile

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.