FAT Brands Inc. (NASDAQ:FAT) Short Interest Update

FAT Brands Inc. (NASDAQ:FATGet Free Report) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 67,100 shares, an increase of 61.7% from the January 15th total of 41,500 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily volume of 21,100 shares, the days-to-cover ratio is currently 3.2 days.

FAT Brands Stock Performance

Shares of NASDAQ FAT opened at $9.20 on Tuesday. The firm has a market cap of $142.78 million, a P/E ratio of -1.10 and a beta of 1.83. The stock has a fifty day moving average price of $6.85 and a two-hundred day moving average price of $6.74. FAT Brands has a 1 year low of $5.14 and a 1 year high of $9.48.

FAT Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 6.09%. The ex-dividend date is Wednesday, February 14th. FAT Brands’s dividend payout ratio is presently -6.70%.

Institutional Investors Weigh In On FAT Brands

Several large investors have recently modified their holdings of FAT. UBS Group AG lifted its holdings in shares of FAT Brands by 124.0% in the first quarter. UBS Group AG now owns 4,617 shares of the company’s stock valued at $33,000 after purchasing an additional 2,556 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of FAT Brands during the second quarter worth $80,000. Geode Capital Management LLC raised its holdings in shares of FAT Brands by 144.7% during the second quarter. Geode Capital Management LLC now owns 49,683 shares of the company’s stock worth $342,000 after acquiring an additional 29,376 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of FAT Brands by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 78,194 shares of the company’s stock worth $579,000 after acquiring an additional 1,674 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of FAT Brands by 4.8% during the third quarter. Vanguard Group Inc. now owns 183,499 shares of the company’s stock worth $1,204,000 after acquiring an additional 8,407 shares in the last quarter. 6.33% of the stock is owned by institutional investors.

About FAT Brands

(Get Free Report)

FAT Brands Inc, a multi-brand restaurant 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, and Twin Peaks.

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