FAT Brands (NASDAQ:FATBB) Stock Price Down 6% – Should You Sell?

FAT Brands Inc. (NASDAQ:FATBB) fell 6% during mid-day trading on Friday . The company traded as low as $3.50 and last traded at $3.56. 1,897 shares were traded during trading, a decline of 85% from the average session volume of 12,447 shares. The stock had previously closed at $3.78.

FAT Brands Stock Down 6.0 %

The stock has a 50 day moving average price of $4.63 and a two-hundred day moving average price of $4.74. The company has a market cap of $60.82 million, a P/E ratio of -0.39 and a beta of 0.99.

Hedge Funds Weigh In On FAT Brands

A hedge fund recently raised its stake in FAT Brands stock. Geode Capital Management LLC increased its position in shares of FAT Brands Inc. (NASDAQ:FATBB) by 14.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,307 shares of the company’s stock after acquiring an additional 5,936 shares during the period. Geode Capital Management LLC’s holdings in FAT Brands were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

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.