FAT Brands (NASDAQ:FATBB) Trading Down 6% – Time to Sell?

FAT Brands Inc. (NASDAQ:FATBB)’s share price traded down 6% during trading on Friday . The company traded as low as $3.50 and last traded at $3.56. 1,897 shares were traded during mid-day trading, a decline of 85% from the average session volume of 12,447 shares. The stock had previously closed at $3.78.

FAT Brands Trading Down 6.0 %

The business’s fifty day moving average price is $4.65 and its 200 day moving average price is $4.75. The firm has a market capitalization of $60.83 million, a price-to-earnings ratio of -0.39 and a beta of 0.99.

Hedge Funds Weigh In On FAT Brands

An institutional investor recently raised its position in FAT Brands stock. Geode Capital Management LLC increased its holdings in FAT Brands Inc. (NASDAQ:FATBB) by 14.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,307 shares of the company’s stock after acquiring an additional 5,936 shares during the quarter. Geode Capital Management LLC’s holdings in FAT Brands were worth $225,000 at the end of the most recent 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.