FAT Brands (NASDAQ:FAT) Stock Rating Upgraded by Zacks Research

FAT Brands (NASDAQ:FAT) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

FAT Brands Stock Performance

NASDAQ:FAT opened at $1.95 on Monday. The firm’s 50-day moving average is $2.01 and its 200-day moving average is $2.37. FAT Brands has a 52-week low of $1.75 and a 52-week high of $6.17. The company has a market cap of $34.88 million, a price-to-earnings ratio of -0.15 and a beta of 1.14.

FAT Brands (NASDAQ:FAT) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($3.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.56) by ($0.61). The firm had revenue of $146.84 million for the quarter, compared to the consensus estimate of $146.60 million. Equities analysts predict that FAT Brands will post -10.23 EPS for the current year.

Institutional Trading of FAT Brands

An institutional investor recently raised its position in FAT Brands stock. Northern Trust Corp increased its holdings in shares of FAT Brands Inc. (NASDAQ:FAT) by 63.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,751 shares of the company’s stock after acquiring an additional 12,287 shares during the period. Northern Trust Corp owned about 0.19% of FAT Brands worth $169,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 6.90% of the company’s stock.

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.