FAT Brands (NASDAQ:FAT) Trading Up 4.6% – Time to Buy?

FAT Brands Inc. (NASDAQ:FAT) rose 4.6% on Wednesday . The company traded as high as $0.4116 and last traded at $0.4160. Approximately 57,859 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 432,193 shares. The stock had previously closed at $0.3977.

Analyst Ratings Changes

FAT has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of FAT Brands in a research note on Wednesday, October 8th. Zacks Research upgraded FAT Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Noble Financial cut FAT Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.00.

FAT Brands Price Performance

The stock’s 50 day moving average is $1.05 and its two-hundred day moving average is $1.78. The firm has a market capitalization of $7.46 million, a P/E ratio of -0.03 and a beta of 1.25.

FAT Brands (NASDAQ:FAT) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($3.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.43) by ($0.96). The business had revenue of $140.01 million for the quarter, compared to analysts’ expectations of $144.90 million. As a group, equities research analysts expect that FAT Brands Inc. will post -10.23 EPS for the current year.

Institutional Trading of FAT Brands

A hedge fund recently raised its stake in FAT Brands stock. Citadel Advisors LLC increased its stake in FAT Brands Inc. (NASDAQ:FAT) by 105.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,473 shares of the company’s stock after purchasing an additional 15,617 shares during the period. Citadel Advisors LLC owned approximately 0.17% of FAT Brands worth $59,000 as of its most recent filing with the Securities and Exchange Commission. 6.90% of the stock is currently owned by hedge funds and other institutional investors.

FAT Brands Company Profile

FAT Brands is a global restaurant franchising company that owns and operates a diversified portfolio of quick-service and casual dining concepts. The company’s business model centers on acquiring established restaurant brands and expanding their reach through franchise relationships, corporate-owned locations and strategic partnerships. FAT Brands focuses on leveraging centralized support services—such as marketing, real estate, supply chain and technology infrastructure—to drive growth and profitability across its portfolio.

The company’s primary brands include Fatburger, a California-style burger chain known for its made-to-order hamburgers; Johnny Rockets, an American diner concept famed for its retro ambiance and milkshakes; Hurricane Grill & Wings, which specializes in wings with a variety of sauces and tropical ribs; Round Table Pizza, celebrated for its premium pizzas and “premium” crust; Elevation Burger, an organic, grass-fed burger franchise; and Twin Peaks, a sports-lodge concept offering made-from-scratch food and craft beverages.