FAT Brands (NASDAQ:FATBB) Trading 1.7% Higher – Should You Buy?

Shares of FAT Brands Inc. (NASDAQ:FATBB) traded up 1.7% during mid-day trading on Friday . The stock traded as high as $1.2350 and last traded at $1.21. 5,018 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 23,934 shares. The stock had previously closed at $1.19.

Analyst Upgrades and Downgrades

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

FAT Brands Stock Up 1.7%

The company has a market capitalization of $21.71 million, a P/E ratio of -0.09 and a beta of 0.99. The company’s fifty day moving average price is $1.98 and its 200 day moving average price is $2.37.

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

About FAT Brands

FAT Brands Inc is a global franchising company specializing in multi-brand full-service and fast-casual restaurants. Headquartered in Beverly Hills, California, the company focuses on expanding and supporting a diverse portfolio of restaurant concepts through franchising agreements and corporate-owned locations. Its platform-driven approach aims to provide operational expertise, marketing support and supply chain efficiencies to franchise partners.

The company’s portfolio includes well-known brands such as Fatburger, Johnny Rockets, Round Table Pizza, Twin Peaks, Fazoli’s, Hurricane Grill & Wings, and Yalla Mediterranean, among others.