John Squire Junger Acquires 5,000 Shares of FAT Brands Inc (NASDAQ:FAT) Stock

FAT Brands Inc (NASDAQ:FAT) Director John Squire Junger bought 5,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was acquired at an average cost of $3.82 per share, for a total transaction of $19,100.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of FAT Brands stock opened at $3.97 on Thursday. The firm’s fifty day simple moving average is $3.86 and its 200-day simple moving average is $4.73. FAT Brands Inc has a 12 month low of $3.51 and a 12 month high of $9.68. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 1.29.

FAT Brands (NASDAQ:FAT) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.04) earnings per share for the quarter. FAT Brands had a negative net margin of 18.01% and a negative return on equity of 64.26%. The firm had revenue of $5.90 million during the quarter.

A hedge fund recently raised its stake in FAT Brands stock. Granite Investment Partners LLC grew its stake in shares of FAT Brands Inc (NASDAQ:FAT) by 92.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 108,042 shares of the company’s stock after purchasing an additional 52,017 shares during the period. Granite Investment Partners LLC owned approximately 0.92% of FAT Brands worth $555,000 at the end of the most recent reporting period. 1.09% of the stock is owned by institutional investors and hedge funds.

About FAT Brands

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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