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

FAT Brands Inc. (NASDAQ:FAT)’s share price traded down 4.3% during mid-day trading on Thursday . The stock 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 2.6 %

The firm’s fifty day moving average price is $4.87 and its 200-day moving average price is $5.07. The firm has a market cap of $59.97 million, a price-to-earnings ratio of -0.38 and a beta of 1.82.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in FAT Brands stock. FNY Investment Advisers LLC purchased a new position in shares of FAT Brands Inc. (NASDAQ:FAT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,069 shares of the company’s stock, valued at approximately $85,000. FNY Investment Advisers LLC owned 0.09% of FAT Brands at the end of the most recent reporting period. Institutional investors and hedge funds own 6.90% of the company’s stock.

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.