FAT Brands Inc. (NASDAQ:FATBB - Get Free Report) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 300 shares, a decline of 91.4% from the February 28th total of 3,500 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,100 shares, the days-to-cover ratio is presently 0.0 days.
FAT Brands Trading Down 6.6 %
Shares of NASDAQ:FATBB traded down $0.20 during mid-day trading on Friday, reaching $2.85. The stock had a trading volume of 4,239 shares, compared to its average volume of 6,287. FAT Brands has a 1 year low of $2.70 and a 1 year high of $8.00. The business's 50 day moving average price is $3.89 and its 200 day moving average price is $4.41. The company has a market cap of $50.71 million, a P/E ratio of -0.31 and a beta of 1.06.
Institutional Trading of FAT Brands
An institutional investor recently raised its position in FAT Brands stock. Geode Capital Management LLC boosted its position in shares of FAT Brands Inc. (NASDAQ:FATBB - Free Report) by 14.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,307 shares of the company's stock after buying an additional 5,936 shares during the quarter. Geode Capital Management LLC's holdings in FAT Brands were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.
FAT Brands Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider FAT Brands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FAT Brands wasn't on the list.
While FAT Brands currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
