Muscle Maker (NASDAQ:GRIL) Trading 1% Higher

Muscle Maker, Inc. (NASDAQ:GRIL) traded up 1% on Wednesday . The stock traded as high as $1.02 and last traded at $1.02. 102,620 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 364,840 shares. The stock had previously closed at $1.01.

Muscle Maker Stock Up 2.9 %

The firm has a 50 day moving average price of $1.11 and a two-hundred day moving average price of $1.19. The firm has a market capitalization of $33.81 million, a price-to-earnings ratio of -4.20 and a beta of 1.11. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.04.

Insider Buying and Selling at Muscle Maker

In other Muscle Maker news, major shareholder Aggia Fz Llc purchased 8,855,452 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was purchased at an average cost of $3.12 per share, with a total value of $27,629,010.24. Following the transaction, the insider now owns 12,492,069 shares in the company, valued at $38,975,255.28. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Muscle Maker

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC acquired a new position in shares of Muscle Maker in the fourth quarter worth about $29,000. XTX Topco Ltd acquired a new position in shares of Muscle Maker in the 2nd quarter valued at approximately $33,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Muscle Maker during the 2nd quarter valued at approximately $33,000. Guardian Wealth Advisors LLC acquired a new stake in shares of Muscle Maker during the first quarter worth approximately $35,000. Finally, Osaic Holdings Inc. bought a new stake in shares of Muscle Maker in the second quarter worth $57,000. Hedge funds and other institutional investors own 25.94% of the company’s stock.

About Muscle Maker

Muscle Maker, Inc owns, operates, and franchises Muscle Maker Grill, SuperFit Foods meal prep, and Pokemoto Hawaiian Poke restaurants. The company operates a fast-casual restaurant that specializes in preparing protein-based meals featuring chicken, seafood, pasta, hamburgers, wraps, and flat breads, as well as entrée salads and sides, protein shakes, and fruit smoothies.