FAT Brands (NASDAQ:FAT) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of FAT Brands (NASDAQ:FAT) from a hold rating to a buy rating in a report published on Thursday, ValuEngine reports.

NASDAQ:FAT traded up $0.03 during midday trading on Thursday, reaching $4.70. 400 shares of the stock traded hands, compared to its average volume of 4,540. The company has a fifty day moving average of $4.76 and a 200 day moving average of $4.55. FAT Brands has a 12 month low of $3.51 and a 12 month high of $6.47. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a market capitalization of $55.08 million, a P/E ratio of -20.43 and a beta of 1.14.

FAT Brands (NASDAQ:FAT) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.10 EPS for the quarter. FAT Brands had a negative net margin of 12.37% and a negative return on equity of 50.17%. The company had revenue of $6.48 million during the quarter.

An institutional investor recently bought a new position in FAT Brands stock. Private Advisor Group LLC acquired a new position in FAT Brands Inc (NASDAQ:FAT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,212 shares of the company’s stock, valued at approximately $42,000. Private Advisor Group LLC owned approximately 0.09% of FAT Brands at the end of the most recent quarter. 0.84% of the stock is currently owned by institutional investors and hedge funds.

FAT Brands Company Profile

FAT Brands Inc, a multi-brand franchising company, acquires, markets, and develops fast casual and casual dining restaurant concepts. As of April 22, 2019, it owned 7 restaurant brands, including Fatburger, Buffalo's Cafe, Buffalo's Express, Hurricane Grill & Wings, Yalla Mediterranean, Ponderosa Steakhouse, and Bonanza Steakhouse with approximately 300 locations open and 200 under development worldwide.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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