FAT Brands (NASDAQ:FATBB) Trading Up 1.7% – Here’s What Happened

Shares of FAT Brands Inc. (NASDAQ:FATBB) shot up 1.7% during trading on Friday . The stock traded as high as $1.2350 and last traded at $1.21. 5,018 shares were traded during trading, a decline of 79% from the average session volume of 23,934 shares. The stock had previously closed at $1.19.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of FAT Brands in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, FAT Brands currently has a consensus rating of “Sell”.

FAT Brands Trading Up 1.7%

The firm has a fifty day moving average of $1.98 and a two-hundred day moving average of $2.37. The company has a market cap of $21.71 million, a PE ratio of -0.09 and a beta of 0.99.

FAT Brands (NASDAQ:FATBB) last issued its earnings results on Wednesday, November 12th. The company reported ($3.39) earnings per share for the quarter. The business had revenue of $140.01 million for the quarter.

FAT Brands Company Profile

FAT Brands Inc is a global franchising company specializing in multi-brand full-service and fast-casual restaurants. Headquartered in Beverly Hills, California, the company focuses on expanding and supporting a diverse portfolio of restaurant concepts through franchising agreements and corporate-owned locations. Its platform-driven approach aims to provide operational expertise, marketing support and supply chain efficiencies to franchise partners.

The company’s portfolio includes well-known brands such as Fatburger, Johnny Rockets, Round Table Pizza, Twin Peaks, Fazoli’s, Hurricane Grill & Wings, and Yalla Mediterranean, among others.