FAT Brands (NASDAQ:FATBB) Shares Up 2.7% – Still a Buy?

FAT Brands Inc. (NASDAQ:FATBB) shot up 2.7% during trading on Thursday . The company traded as high as $3.00 and last traded at $3.04. 942 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 6,832 shares. The stock had previously closed at $2.96.

FAT Brands Price Performance

The stock has a market capitalization of $54.09 million, a PE ratio of -0.33 and a beta of 1.08. The company’s 50 day moving average price is $2.82 and its two-hundred day moving average price is $3.95.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FAT Brands stock. Geode Capital Management LLC increased its position in shares of FAT Brands Inc. (NASDAQ:FATBB) by 14.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. 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 at the end of the most recent reporting period.

About FAT Brands

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.