FAT Brands (NASDAQ:FATBB) Shares Down 4.5% – Should You Sell?

FAT Brands Inc. (NASDAQ:FATBB) shares dropped 4.5% on Wednesday . The company traded as low as $2.29 and last traded at $2.35. Approximately 7,117 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 6,819 shares. The stock had previously closed at $2.46.

FAT Brands Stock Performance

The firm has a market capitalization of $45.19 million, a PE ratio of -0.28 and a beta of 1.08. The firm’s 50 day moving average price is $3.07 and its 200-day moving average price is $4.17.

Institutional Inflows and Outflows

An institutional investor recently raised its position in FAT Brands stock. Geode Capital Management LLC raised its holdings in shares of FAT Brands Inc. (NASDAQ:FATBB) by 14.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,307 shares of the company’s stock after buying an additional 5,936 shares during the quarter. Geode Capital Management LLC’s holdings in FAT Brands were worth $225,000 as of its most recent SEC filing.

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.