Shares of FAT Brands Inc. (NASDAQ:FAT - Get Free Report) traded down 4.3% during trading on Thursday . The company traded as low as $3.58 and last traded at $3.60. 55,523 shares were traded during mid-day trading, a decline of 25% from the average session volume of 74,061 shares. The stock had previously closed at $3.76.
FAT Brands Trading Down 4.3 %
The business's 50-day simple moving average is $4.91 and its two-hundred day simple moving average is $5.08. The company has a market capitalization of $61.60 million, a PE ratio of -0.39 and a beta of 1.82.
Hedge Funds Weigh In On FAT Brands
A hedge fund recently raised its stake in FAT Brands stock. Northern Trust Corp grew its position in FAT Brands Inc. (NASDAQ:FAT - Free Report) by 63.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,751 shares of the company's stock after acquiring an additional 12,287 shares during the quarter. Northern Trust Corp owned approximately 0.19% of FAT Brands worth $169,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 6.90% of the company's stock.
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.
Further Reading
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