FAT Brands (NASDAQ:FAT) Shares Down 4.3% – Here’s Why

FAT Brands Inc. (NASDAQ:FAT)’s stock price dropped 4.3% on Thursday . The company traded as low as $3.58 and last traded at $3.60. Approximately 55,523 shares traded hands during trading, a decline of 25% from the average daily volume of 74,061 shares. The stock had previously closed at $3.76.

FAT Brands Trading Down 2.6 %

The stock has a market cap of $59.97 million, a price-to-earnings ratio of -0.38 and a beta of 1.82. The stock’s 50 day moving average is $4.87 and its two-hundred day moving average is $5.07.

Institutional Trading of FAT Brands

An institutional investor recently raised its position in FAT Brands stock. Northern Trust Corp grew its position in shares of FAT Brands Inc. (NASDAQ:FAT) by 63.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,751 shares of the company’s stock after buying an additional 12,287 shares during the quarter. Northern Trust Corp owned 0.19% of FAT Brands worth $169,000 as of its most recent filing with the SEC. 6.90% of the stock is owned by institutional investors.

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.