FAT Brands (NASDAQ:FATBB) Shares Up 7.7% – Time to Buy?

Shares of FAT Brands Inc. (NASDAQ:FATBB) traded up 7.7% during trading on Wednesday . The company traded as high as $2.15 and last traded at $2.07. 6,862 shares changed hands during trading, an increase of 7% from the average session volume of 6,440 shares. The stock had previously closed at $1.9227.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FAT Brands in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

FAT Brands Trading Up 7.7%

The business’s 50 day moving average price is $2.34 and its two-hundred day moving average price is $2.50. The stock has a market cap of $37.14 million, a P/E ratio of -0.16 and a beta of 0.99.

FAT Brands (NASDAQ:FATBB) last released its earnings results on Wednesday, November 12th. The company reported ($3.39) EPS for the quarter. The firm had revenue of $140.01 million during the quarter.

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.