FAT Brands (NASDAQ:FAT) Trading Up 1.6% – Should You Buy?

FAT Brands Inc. (NASDAQ:FAT) shares were up 1.6% during mid-day trading on Monday . The stock traded as high as $1.96 and last traded at $1.93. Approximately 40,812 shares traded hands during trading, an increase of 1% from the average daily volume of 40,526 shares. The stock had previously closed at $1.90.

FAT Brands Stock Performance

The company has a market capitalization of $34.53 million, a price-to-earnings ratio of -0.15 and a beta of 1.14. The firm has a fifty day moving average price of $2.10 and a 200-day moving average price of $2.46.

FAT Brands (NASDAQ:FAT) last released its earnings results on Thursday, July 31st. The company reported ($3.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.56) by ($0.61). The firm had revenue of $146.84 million during the quarter, compared to the consensus estimate of $146.60 million. On average, sell-side analysts forecast that FAT Brands Inc. will post -10.23 EPS for the current fiscal year.

Institutional Trading of FAT Brands

An institutional investor recently raised its position in FAT Brands stock. Northern Trust Corp increased its holdings in shares of FAT Brands Inc. (NASDAQ:FAT) by 63.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,751 shares of the company’s stock after buying an additional 12,287 shares during the quarter. Northern Trust Corp owned 0.19% of FAT Brands worth $169,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 6.90% of the company’s stock.

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.